Nigeria’s rising global profile is not a stroke of luck or the result of unrelated variables. It is the product of purposeful, diligent, and experienced leadership under President Bola Tinubu.
Historically, Nigeria has been significant in global discourse, particularly in Africa, due to its status as the largest democracy, the most populous nation, and one of the continent’s biggest economies. However, the world is now paying more attention to Nigeria, recognizing the positive changes driven by effective domestic leadership and a well-designed foreign policy.
Despite challenges over the past year, Nigeria has seen efficient leadership with clear direction. Reports from credible rating agencies and global financial platforms indicate stability and a resurgence in critical sectors of the economy.
Earlier this month, the International Air Transport Association (IATA) commended the Nigerian government for clearing 98 percent of airlines’ trapped funds. IATA’s Director-General, Willie Walsh, noted that by April 2024, only $19 million remained, pending the Central Bank of Nigeria’s verification of claims.
In March, the Central Bank of Nigeria (CBN) announced it had settled valid outstanding foreign exchange obligations. At the 29th Nigerian Economic Summit in October 2023, President Tinubu pledged to honor legitimate foreign exchange obligations and restore market confidence, a commitment he continues to uphold.
President Tinubu’s leadership has significantly influenced global perceptions of Nigeria. His presence and statements on international platforms have garnered respect and attention.
At the World Economic Forum Special Meeting in Riyadh, Saudi Arabia, two months ago, President Tinubu emphasized the importance of global collaboration and inclusiveness to achieve food security, address collective challenges, and drive innovation. He stated, “The capital formation necessary to drive the economy, agriculture, ensure food security, innovation, and technological advancement must be an inclusive programme of the entire world. No one should be left behind.”
On June 6, during a meeting with a delegation from the International Finance Corporation (IFC), led by Managing Director Makhtar Diop, President Tinubu called for a shift in how international development financiers view Africa. He urged them to see the continent as a hub of growth and prosperity rather than a region of perpetual instability.
“The IFC and the World Bank need to see Africa differently,” he said. “I am an African and proud to be, and will maintain the strong position to collaborate with the rest of the world to see Africa as a destination for growth and prosperity.”
Effective leadership, like that of President Tinubu, attracts global goodwill and enhances the nation’s stature. With his guidance, Nigeria’s global profile continues to rise.
