In a keynote address at the Special World Economic Forum in Riyadh, Saudi Arabia, President Bola Tinubu called upon the international community to focus on the underlying factors contributing to poverty and instability in Africa’s Sahel region.
Stressing the imperative of economic collaboration and inclusiveness, President Tinubu emphasised the necessity for concerted efforts to foster stability, peace, and economic growth in the region.
In his capacity as the Chairman of the ECOWAS Authority of Heads of State and Government, President Tinubu highlighted Nigeria’s endeavours to discourage unconstitutional changes of government and alleviate sanctions.
He underscored the significance of trade and economic prosperity in the Sahel region and ECOWAS countries, urging larger economies to actively participate in promoting the region’s development.
President Tinubu urged for a comprehensive approach to address the challenges facing the Sahel, emphasising the importance of tackling poverty levels and leveraging mineral resources.
He called for inclusive programmes to drive economic opportunities, particularly in sectors such as agriculture, food security, innovation, and technology.
Acknowledging Nigeria’s efforts to address economic challenges, including the removal of fuel subsidies and currency management, President Tinubu defended these actions as necessary for resetting the economy and fostering growth. He highlighted parallel measures to mitigate the impact on vulnerable populations, affirming the government’s commitment to inclusivity in governance and rapid communication with the public.
Emphasising the need for stability and economic prosperity in the region, President Tinubu underscored the importance of trade over conflict. He stressed the imperative for collaborative efforts to achieve growth, stability, and prosperity for the people of the Sahel.
The World Economic Forum aims to facilitate constructive dialogue and identify practical solutions to global economic challenges, including geopolitical tensions, inflation, supply chain disruptions, and climate change impacts.
