National Telescope national telescope newspaper
By NAT’L TELESCOPE
President Bola Tinubu has reaffirmed Nigeria’s commitment to working with the global Financial Action Task Force (FATF) to address illicit financial flows.
Speaking at the African Caucus meeting in Abuja, attended by Vice President Kashim Shettima on his behalf, Tinubu highlighted the growing poverty and inequality that are widening the development gap between Africa and other regions.
He called for immediate action to tackle these issues.
In his speech, Tinubu emphasised the importance of strengthening international tax cooperation to ensure that multinational companies fairly contribute to African economies.
He also highlighted the need for global economic collaboration to address common challenges and seize opportunities.
Furthermore, the president urged African nations to undertake necessary structural and fiscal reforms to drive long-term growth and reinvest in infrastructure and social programmes.
Tinubu stressed the need for enhanced human capital development in Africa, drawing inspiration from India’s success in the global outsourcing sector, which generates over $100 billion annually.
