Tinubu Advocates Global Financial Reform at Africa Summit

At the Africa Forward summit held in Nairobi, Kenya, on Tuesday, President Bola Ahmed Tinubu led a Nigerian delegation, advocating for the reform of the global financial architecture. Co-hosted by French President Emmanuel Macron and Kenyan President William Ruto, the summit gathered leaders from 30 countries.

Tinubu highlighted Nigeria's potential in the blue economy as a cornerstone for Africa's development and called for stronger economic integration to prioritize the continent's growth. He emphasized the need for greater access to credit and investment to stimulate economic growth.

During the summit, Tinubu held bilateral meetings, including one with Madagascar's President Michael Randrianirina and expressed Nigeria's readiness to host the 2026 Confederation of African Football awards. He also addressed the need for reforms in the international financial system, warning that without changes, it risks becoming irrelevant.

Tinubu projected a decline in Nigeria's debt-to-GDP ratio to 32.3% by 2026 and highlighted the importance of maritime sovereignty for Africa's blue economy.