Tinubu, Fuel subsidy
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President Bola Tinubu says collaboration and inclusiveness are invaluable to achieving global food security, addressing collective challenges, and driving innovation across a chain of interests for a more stable and prosperous world.

Tinubu said “collaboration and inclusiveness”, especially with regard to Africa, are elemental to building a future of hope, peace, and progress for all.

The president made the call at a high-level panel session at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, on Sunday, April 28, 2024.

He said capital mobilisation, which is needed to spur economic growth and associated advancements in Africa, cannot be overlooked any longer.

President Tinubu posited that the continent is richly endowed but that the diversity of its resources must reflect in its wherewithal and economic realities.

Tinubu: I removed fuel subsidy to stop Nigeria from bankrupt

Tinubu said: “The capital formation that is necessary to drive the economy, agriculture, ensure food security, innovation, and technological advancement must be an inclusive programme of the entire world. No one should be left behind.

“I am glad the world is recognising the need for cooperation, and that with the type of population growth that Africa is experiencing; the diversity of its resources must be married with economic opportunity. We must collaborate to achieve that.”

The president further called on global leaders to pay attention to the developments in the Sahel, stressing the need for a studied understanding of the vectors of the current situation, while suggesting collaboration in the pursuit of enduring solutions.

He added: “We are encouraging the entire world to pay attention to the Sahel and the other countries around us.

“As the Chairman of ECOWAS Authority of Heads of State and Government, I have wielded the big influence of Nigeria to discourage all unconstitutional change of government.

“Equally, we have eased the sanctions. We need to trade with one another; not fight each other. It is very necessary and compulsory for us to engender growth, stability, and economic prosperity for our people in West Africa.

“We have to be involved in the promotion and prosperity of that region in order to see peace, stability, and economic growth.”

The Star

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