The modification of the finance law will tackle the budget deficit N11.03trn – Senate

Yesterday, President Muhammadu Buhari left Abuja for New York, USA to attend the annual meeting of world leaders, the United Nations General Assembly (UNGA77).
The theme of the 77th session which opened on Tuesday 13 September is: “A Decisive Moment: Transformative Solutions to Interrelated Challenges”.
Key topics for discussion at UNGA this year include; the war in Ukraine, the energy crisis, climate action, the end of the COVID-19 pandemic and a special Transforming Education summit.
A statement from the President’s Special Advisor for Media and Publicity, Chief Femi Adesina, yesterday explained that Buhari would take his turn to deliver the national statement on the second day of general debates on Wednesday, September 21.
“In addition to his statement, the President will also participate in high-level meetings and side events, including the Nigeria International Economic Partnership Forum (NIEPF), convened by Nigeria in partnership with the Business Council for International Understanding (BCIU) on “Strengthening Coordination through the Humanitarian Development and Peace Frameworks (NHDP): A Practical Approach to Durable and Sustainable Solutions to Ensure No One is Left Behind”, organized by the Ministry of Humanitarian Affairs, Disaster Management and Social Development; and the EFCC-NEPAD Program on Combating Illicit Financial Flows,” the statement read.
He added, “President Buhari will also hold strategic bilateral meetings with world leaders, renowned investors and heads of multinational organizations during his stay in New York.”
In the president’s entourage are the first lady, Aisha Buhari, some governors, ministers and senior government officials.
The president is expected to return home on Monday, September 26.
Meanwhile, Nigeria will host Microsoft founder Bill Gates; Dangote Group Chairman, Aliko Dangote; and Facebook CEO Mark Zuckerberg; among others during the second edition of the Nigeria International Economic Partnership Forum (NIEPF) which is being held on the sidelines of the ongoing United Nations General Assembly in New York, USA.
Scheduled for Thursday, September 22, 2022, the high-profile event will feature “speakers and panelists, including Dangote Group Chairman, Aliko Dangote; Microsoft founder Bill Gates; Chairman of the United States Business Council and Chairman and CEO of Microsoft Corp, Satya Nadella; US Secretary of State Antony Blinken; and the Chair of the Corporate Council on Africa, Florie Liser,” read a statement signed by President Muhammadu Buhari’s spokesperson, Garba Shehu, yesterday.
The statement, titled “Nigeria to host the World Investment Forum in New York,” reads in part: “In its continued attempt to further open the country’s economy to international capital and attract foreign investment, the Nigerian government, in conjunction with the Africa Business Roundtable, is organizing the Nigeria International Economic Partnership Forum.
“The NIEPF is expected to attract the presence of world leaders from politics, economics, media as well as civil society organizations and international media to focus on the vast economic potentials of Nigeria and the major economy of Nigeria. Africa.
“Most importantly, President Buhari will deliver the keynote address at the event and also organize a high-level presidential session with other presidents and heads of delegations on issues requiring joint action for African countries on the development campaign, such as post COVID-19 recovery and financing priorities; climate and investment market in Africa as well as risk reduction on the continent.
According to Shehu, the NIEPF will bring together senior Nigerian government officials as well as renowned and highly respected global players from the public and private sectors who will rub shoulders on Nigeria’s economic prospects, focusing on Nigeria in the global economy; and International Partnership for Nigeria on Development Campaign.
They include: members of the Business Council of International Understanding; Foreign Minister Geoffrey Onyeama; the Minister of Finance, Budget and National Planning, Zainab Ahmed; US President’s Special Envoy for Climate; John Kerry; and BUA Group Executive Chairman, Abdul Rabiu; who is also Chairman of the France-Nigeria Business Council.
Others are Mark Zuckerberg; the Director General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala; President of the African Development Bank, Dr Akinwumi Adesina; and United Nations Deputy Secretary-General Amina Mohammed.
The sessions will be grouped around themes such as the growth of Nigerian agriculture for food security and access to export markets, with particular emphasis on the impact of the Russian-Ukrainian war which presents opportunities for G7/G20-Nigeria partnerships in agriculture; Increase international resources for financing education in Africa with a focus on creating facilities to link government, deal sponsors and international pools of capital in education; and Nigeria’s Oil and Gas Sector: Reforms, Results and Way Forward Focused on Increasing Investment in the Gas Market — Plants, Farms, Cylinders, Reinjection.
Other issues planned for discussion include: Increasing international resources for health care in Africa bordering on: upgrading and expanding Nigeria’s health care infrastructure to make Nigeria the “Health Care Hub” for Africa; climate change and pathways to a clean environment, with a focus on pathways to a clean economy, clean energy and clean development; and financing Nigeria’s infrastructure with focus on infrastructure development such as farm-to-market corridor, farm-to-ports corridor, export transport corridor, rail network, upgrading and l expansion of the road network, upgrading of airports, including airports dedicated to exports, production, transport and distribution of electricity.

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