President Bola Tinubu is going to leave the presidential home in Abuja and travel to Malabo, Equatorial Guinea. He will be there for three days because President Teodoro Obiang Nguema Mbasogo invited him.
This was shared by Ajuri Ngelale, who speaks for President Tinubu, on Tuesday in Abuja.
During this trip, President Tinubu will talk about investing money in projects and keeping the area safe.
Ngelale mentioned that President Tinubu and President Nguema Mbasogo will focus on agreements about oil, gas, and safety.
What the Presidency is Saying
The statement said:
“President Bola Tinubu will leave Abuja on Wednesday, August 14, for a three-day visit to Malabo, Equatorial Guinea, following the invitation of President Teodoro Obiang Nguema Mbasogo.
“President Tinubu will meet with the Equatorial Guinean President at their Presidential Villa, where they will have meetings and sign agreements, especially about oil, gas, and security.”
“The President will be with the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and other cabinet members. They will sign agreements and look for ways to improve joint relations.”
What you should know
- Since becoming president in May 2023, Tinubu has visited countries like France, Netherlands, South Africa, and the United Arab Emirates.
- These visits are often to talk about investing money in new projects. President Tinubu believes that bringing in foreign investments is key to his economic plans.
- The Minister of Information, Idris Mohammed, said that Tinubu’s trips have gotten over $15 billion in promises for investments in different parts of the economy.
- Newslodge found that in just one year, the president’s trips abroad have cost the country about N16.06 billion.
- This spending includes costs for the president, vice president, First Lady, and the Chief of Staff to the President.
- It also includes buying foreign currency for the Presidential Air Fleet.