President Bola Tinubu will, this week, depart Abuja for Riyadh, capital of the Kingdom of Saudi Arabia to attend the Saudi-Africa summit and the Arab African summit each scheduled to carry on November 10 and 11, 2023, respectively.

Life-style Nigeria experiences that the Particular Adviser to the President on Media and Publicity, Ajuri Ngelale made the disclosure whereas briefing State Home Correspondents on the Presidential Villa, Abuja.

He disclosed that Tinubu’s look on the summits marks recent strikes to have interaction Arab nations to draw companies and extra International Direct Funding to Nigeria.

Ngelale mentioned, “ President Bola Tinubu might be heading to Riyadh, the Kingdom of Saudi Arabia, to attend two main summits.

“The primary of which is the Saudi-Africa Summit, at which a number of areas of mutual concern might be addressed with respect to the financial ties between the areas with respect to the problems of counterterrorism, the surroundings, agriculture, and lots of different areas of mutual concern.”

Ngelale disclosed that the goal of Tinubu’s participation is to speed up the extent of commerce and funding between the Kingdom of Saudi Arabia and the African continent.

“Clearly, President Tinubu could be very eager on guaranteeing that the Federal Republic of Nigeria inside the context of the continent is able to maximally leverage on alternatives that might be afforded by the implementation of the African continental Free Commerce Settlement, the place we might be having a single commerce market of over one billion Africans.

“The expectation based on the United Nations Financial Fee for Africa is that by the 12 months 2050, our market right here on the continent would have surpassed $29tn,” He mentioned.