During the G20 Summit in Brazil, President Tinubu expressed his support for the inauguration of the Global Alliance to Combat Hunger and Poverty. Tinubu characterized the partnership as crucial in the international battle against hunger and poverty. He delivered this remark on Monday during the opening session of the 19th G20 Leaders Summit in Rio de Janeiro, Brazil. He said, “This bold and visionary step underscores Brazil’s leadership in addressing one of the most urgent and persistent challenges facing our world today. “The creation of this Alliance marks a significant milestone in our global efforts to eradicate hunger and poverty, and it also sends a powerful message of solidarity to vulnerable populations around the globe. “By fostering collaboration between governments, international organisations, and civil society, this initiative offers a comprehensive approach not only to addressing immediate needs but also tackling the structural causes of hunger and poverty. “These goals are at the core of Nigeria's development agenda, and the Alliance offers a platform to accelerate progress towards them. “By collaborating with international partners, Nigeria aims to leverage best practices, innovative solutions, and financial support to enhance its efforts to combat poverty and hunger. The endorsement reinforces Nigeria's role as a key player in global efforts to promote sustainable development and improve the quality of life for all its citizens. “The Security Council should expand its permanent and non-permanent member categories to reflect the world’s diversity and plurality. Africa deserves priority in this. “The Security Council should expand its permanent and non-permanent member categories to reflect the world’s diversity and plurality better. “Africa deserves priority in this process, and two permanent seats should be allocated to it with equal rights and responsibilities. Nigeria stands ready and willing to serve as a representative of Africa in this capacity.” In a statement delivered by Ambassador Yusuf Tuggar, the Minister of Foreign Affairs, President Tinubu remarked that the G20 has evolved into a progressive international institution that champions reform-oriented multilateralism.

At the Saudi summit, President Tinubu called for an immediate end of the Israeli aggression in Gaza and emphasized the importance of realizing a two-state solution. In his address to the significant Arab-Islamic Summit, which was called to discuss the ongoing situation in the Middle East, President Tinubu conveyed his serious worries regarding the humanitarian conditions in Gaza. He said, “The conflict in Palestine has persisted for far too long, inflicting immeasurable suffering on countless lives. ''As representatives of nations that value justice, dignity, and the sanctity of human life, we have a moral obligation to collectively bring about an immediate end to this conflict. ''It is not enough to issue empty condemnations. The world must work towards an end to Israeli aggression in Gaza, which has persisted for far too long. "No political aim, no military strategy, and no security concern should come at the expense of so many innocent lives. ''In a rules-based international order, States have the right of self-defence. But self defence must take proportionality into account, in line with global legal, diplomatic - and moral - frameworks. ''An entire civilian population, their dreams and futures, cannot be dismissed as collateral. ''It is not just a diplomatic article of faith; it is a vision grounded in the principles of equality and mutual recognition. ''Achieving this vision requires a commitment to dialogue and respect for history. We all know this conflict did not begin on October 7 in 2023. It can only be resolved through principled compromise, based on appreciation of the proper context. ''This conflict, in the cradle of history, is so visceral that the ripples of division spread far and quickly. The corrosive impact of the images of endless violence, repeated on a billion smart phones around the world is huge. We need to find new pathways to peace, without delay. ''Our own experiences, domestically and regionally, have taught us that identity politics are no substitute for respecting the nuances of diversity,'' he said. ''the path to reconciliation may be fraught with challenges, but it is through honest conversation that we can foster understanding. ''The international community has the opportunity to bring to bear new thinking on this most relentless challenge. ''It is our duty to engage in this dialogue with sincerity and resolve, recognising the complexities that each side faces.''

BREAKING: The Senate has summoned a national summit to address the pressing issue of over 20 million out-of-school children in Nigeria. This summit will bring together the federal, state, and local governments, traditional leaders, parents, and all key stakeholders to collaboratively explore solutions.

The World Bank has emphasized that Nigeria needs to continue its current economic reforms for the next 10 to 15 years in order to position itself as a prominent economic force, both within sub-Saharan Africa and globally. The bank emphasizes that these reforms are vital for fostering sustainable growth and development, enabling Nigeria to effectively compete with other emerging economies around the globe. During the ongoing 30th Nigerian Economic Summit held in Abuja, which is organized by the Nigerian Economic Summit Group in collaboration with the Ministry of Budget and National Planning, Indermit Gill, the Senior Vice President of the World Bank Group, offered the advice. The event, taking place over three days, focuses on the theme “Working Together for Growth, Competitiveness, and Stability.” He said, “Nigeria will need to stay the course of current economic reforms for at least the next 10 to 15 years to transform its economy. “I don’t know if you are agreeing or disagreeing with me. If these reforms are sustained, Nigeria will transform its economy and become an engine of growth in sub-Saharan Africa. “It is very difficult to implement such reforms, but the rewards will be massive if they are maintained.”

Taiwo Oyedele, the chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has announced that if a new tax bill is passed by the National Assembly, wealthy Nigerians earning N100 million or more each month will be subject to a personal income tax rate of 25 percent. This insight was shared during a breakout session at the ongoing 30th Nigeria Economic Summit held in Abuja on Monday, October 14. Oyedele highlighted the importance of finding a middle ground that relieves tax pressures on low-income individuals while also ensuring that higher earners make a greater contribution to government finances. He said, “If you earn N100 million a month, we’re taking up to 25 percent from the rich people. That’s because we need to balance the books. “Today, whatever VAT you (businesses) pay on assets—whether you’re building a factory, buying a laptop, or vehicles—you bear it. This increases your cost, and therefore, your pricing will go up. Once our reforms are implemented, you get the credit back 100 percent on services and assets.”

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President Tinubu and Xi Jinping are set to sign five Memorandums of Understanding today. President Tinubu would Participate in strategic discussions with 10 chief executives from leading Chinese companies, whose combined assets under management exceed $3 trillion. These executives represent diverse industries, including information and communication technology, oil and gas, aluminum manufacturing, port development, financial services, and satellite technology innovation. President Tinubu will receive the distinguished honor of a 21-gun salute and will review the honor guard at the Great Hall. Following detailed briefings from several of his ministers and other important government officials, President Bola Tinubu is set to meet with Chinese President Xi Jinping today at various events, where they are expected to sign approximately five Memoranda of Understanding (MOUs). This will signify the official start of Tinubu's visit to the People’s Republic of China, beginning with a trip to the Great Hall of the People in Beijing, where he will be welcomed by Jinping. The President Tinubu will arrive at the Great Hall of the People, where he will be greeted with a guard of honour. He will also pay tribute to fallen heroes by laying a wreath and will receive a ceremonial 21-gun salute. The robust bilateral agreements between the two countries aim to concentrate on crucial sectors, such as the green economy, agricultural advancement, satellite technology innovation, development and promotion of media enterprises, blue economic growth, and collaborative national planning efforts. The meeting will serve as an important opportunity for the two leaders to engage in discussions on various shared interests, including economic collaboration, security at national, regional, and international levels, and other pressing global issues. Today, President Tinubu is anticipated to host a roundtable dinner with a select group of chief executive officers from Chinese companies at the China World Hotel in Beijing. As the Chairman of the ECOWAS Authority of Heads of State and Government, President Tinubu will participate alongside fellow African leaders at the FOCAC summit. On Thursday, he is set to deliver significant remarks representing the region, focusing on issues of shared importance between China and Africa. On the same Thursday, the president is scheduled to present an eight-minute address focusing on peace and security. He will also engage in a high-level plenary session dedicated to these issues, where he will provide insights on Nigeria’s viewpoint regarding the security challenges faced both regionally and across the continent.

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