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Nigerian President Tinubu is on an Arabian trail to entice FDI

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Nigerian President Bola Tinubu is scheduled to travel down to Saudi Arabia to attend two important summits. The President’s upcoming trip will take him to Riyadh, where he will participate in the Saudi-Africa Summit and the Arab African Summit. These essential events are scheduled for November 10 and 11, 2023, respectively.

Nigerian President Bola Tinubu is scheduled to travel down to Saudi Arabia to attend two important summits. The President’s upcoming trip will take him to Riyadh, where he will participate in the Saudi-Africa Summit and the Arab African Summit. These essential events are scheduled for November 10 and 11, 2023, respectively. In a concerted effort to bolster Nigeria’s economic foundation, President Bola Tinubu has unveiled plans to entice the Kingdom of Saudi Arabia and other Arab nations to invest in Nigeria, thereby attracting Foreign Direct Investment (FDI).

In Saudi Arabia, President Tinubu will engage in discussions encompassing various aspects of mutual concern, particularly focused on strengthening economic ties between the regions. Topics on the agenda will include counterterrorism, environmental issues, and agriculture.

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President Tinubu has always been vocal about his strong commitment to the implementation of the African Continental Free Trade Agreement. This agreement is set to create a single trade market encompassing over one billion Africans. The United Nations Economic Commission for Africa predicts that by the year 2050, the continental market will surpass $29 trillion. President Tinubu’s engagement in these summits underscores his dedication to harnessing the potential for economic growth and cooperation on a global scale.