Apparently satisfied with the policies being implemented by his administration in the last few weeks, world leaders are eager to meet with President Bola Tinubu to explore areas of cooperation.
As of Wednesday, at least four foreign leaders have requested to meet with the president in Paris, France where he will on Thursday participate in the New Global Financial Pact Summit organized by President Emmanuel Macron.
This is according to Dele Alake, Special Adviser to the President on Special Duties, Communication and Strategy, who spoke to reporters on the essence of the summit on Wednesday
Among the countries he said, are France, the United States, and Switzerland.
He said the summit will enable President Tinubu on his first foreign trip since his inauguration to network in his bid to attract foreign investment to the country.
Alake said: “The President wants to network with international finance Corporations, institutions, countries that are well healed that would facilitate or that could facilitate direct foreign investment into Nigeria.
“Don’t forget that Mr President has taken some very bold steps in the area of economy, in the area of social engineering in the last few weeks, and particularly with reference to the unification of the multiple exchange rates, which has caused very positive multiplier effect.
“However, in the short term, we have noticed and expected that there will be a slight spike in the demand and then that would affect the value of the Naira viz-viz the dollar.
“So, apart from the immediate, short and long-term positive effects of that unification policy, there could be a need for an injection of direct foreign exchange into the economy to shore up the value of the naira while market forces stabilize. And in the short run or medium term, there is going to be when the effects of this policy begin to mature.
“For instance, you can now spend your money in your domiciliary account. The domiciliary account restrictions have been liberalised. So, there’s no more restriction. Once there’s money in your account, you can spend it anywhere in the world.
“Now that is going to build confidence in the foreign exchange system of Nigeria, which means people abroad can begin to bring in their money into the economy. Even those at home, who have hoarded their dollars for fear of restrictions and all that, will now be more encouraged to bring the dollars into the financial system.
