Tinubu Departs Abuja for Two-week Working Visit to France

•To use period for mid-term appraisal, assess key milestones of his govt

Deji Elumoye in Abuja

President Bola Tinubu yesterday departed the nation’s capital, Abuja for Paris, France, on a two-week working visit. 

During the visit, the President, according to a statement issued by his Adviser on Information and Strategy, Bayo Onanuga, would appraise his administration’s mid-term performance and assess key milestones.

He would also use the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary.

It noted that “this period of reflection would inform plans to deepen ongoing reforms and accelerate national development priorities in the coming year.”

“Recent economic strides reinforce the President’s commitment to these efforts, as evidenced by the Central Bank of Nigeria reporting a significant increase in net foreign exchange reserves to $23.11 billion—a testament to the administration’s fiscal reforms since 2023 when net reserves were $3.99 billion.

“While away, President Tinubu will remain fully engaged with his team and continue to oversee governance activities.  He will return to Nigeria in about a fortnight,” the statement added.

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    IMF Backs Nigeria’s Single Window Project, Seeks Areas Where Assistance is Needed

    IMF Backs Nigeria’s Single Window Project, Seeks Areas Where Assistance is Needed

    Ndubuisi Francis in Abuja

    The International Monetary Fund (IMF) has expressed support for Nigeria’s Single Window (NSW) Project, an evolving initiative designed to streamline trade processes, reduce bottlenecks, enhance transparency, and increase government revenue.

    The multilateral lender’s backing for the NSW Project was conveyed in Abuja, Thursday by its Technical Assistance Advisor for Revenue Administration 2, Marco Antonio, who led a delegation from the IMF Fiscal Affairs Department for a meeting with the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

    The meeting highlighted the IMF’s strong support for the Single Window Trade Project, which aims to streamline trade processes, increase government revenue, and enhance the ease of doing business.

    Antonio praised the NSW project, among other reforms, and sought to know how the IMF could provide further assistance for its successful implementation. 

    According to a statement released by the finance ministry by its Director, Information and Public Relations, Mohammed Manga, the minister disclosed that the project is well underway, with approvals secured, a dedicated team in place, and a structured implementation plan.

    He underscored the initiative’s potential to catalyse export growth, particularly with Nigeria on course to achieve 1.2 million barrels of daily oil production. 

    Describing the project as a transformative economic tool, Edun reiterated the government’s commitment to its success, citing the strategic leadership of President Tinubu and the support of the Nigeria Customs Service (NCS) as key to its execution.

    “As Nigeria continues on its path to economic transformation, the Single Window Trade Project is poised to play a pivotal role. 

    “With the IMF’s endorsement, this initiative is expected to enhance trade efficiency, increase revenue and stimulate economic growth, positioning Nigeria as a beacon of trade excellence in Africa,” the finance ministry said.

    ​  

    Ndubuisi Francis in Abuja The International Monetary Fund (IMF) has expressed support for Nigeria’s Single Window (NSW) Project, an evolving initiative designed to streamline trade processes, reduce bottlenecks, enhance transparency,

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