Index to Nigerian Newspapers

Vice President Kashim Shettima will represent President Bola Tinubu at the 15th BRICS summit in Johannesburg, South Africa, from August 22-24. The event, attended by South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazilian President Luiz Lula da Silva, and Indian Prime Minister Narendra Modi, will focus on trade and investment facilitation, sustainable development, innovation, and global governance reform. The summit will also address global geopolitics, trade, and infrastructure development. The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, aims to restructure the global political, economic, and financial architecture to be fair, balanced, and representative.

President Bola Ahmed Tinubu has rekindled foreign investors' confidence in Nigeria's economic potential and opportunities, stating that his administration has removed obstacles to growth. He spoke at the New Global Financing Pact Summit in Paris, France, where he joined other world leaders. Tinubu promised to embark on more reforms, including power, infrastructure development, agriculture, and SMEs. He also sought the support of the United Kingdom in the war against insecurity. The president assured investors that the ongoing reforms would be sustained, targeting a more competitive economy strong enough to attract FDI. He emphasized Nigeria's readiness for global business and the development of infrastructure, health, energy, and agriculture. AfreximBank President Benedict Oramah and European Bank for Reconstruction and Development President Odile Renaud-Basso commended Tinubu for the bold steps in removing fuel subsidies and unifying exchange rates. Tinubu also joined world leaders on the consensus for redesigning the global financial architecture, which will favor poverty reduction, debt restructuring, and more consideration for vulnerable countries affected by climate change and COVID-19.