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PARIS SUMMIT: Africa Remains Centrepiece of Nigeria’s Economic, Foreign Policy – President Tinubu

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Nigerian President, Bola Ahmed Tinubu has on Friday in Paris-France said Nigeria will sustain its spotlight on African countries as the fulcrum of its policies on economy and foreign policy, assuring that trade issues, security and border controls will be mutually implemented.

While receiving the President of Benin Republic, Patrice Talon, after the Summit on New Global Financing Pact, President Tinubu noted that bilateral relations with African countries, particularly at the sub-regional level will be enhanced for shared benefits in areas of security, health, energy, education and diplomacy.

Tinubu said: “We are ready to improve relations. Africa has been the centrepiece of Nigeria’s foreign policy,” he said.

“I believe in Africa. We have the necessity to grow the continent. The world’s economy is wobbling, and Africa has been left behind. On risk factors, Africa is always placed high, with higher interest rates on borrowing. We are always classified as high risk. We must work together for systematic recovery and growth,” he added.

President Tinubu described Nigeria’s relations with Benin as that of siamese twins, joined at the hips, and supported by other friendly countries.

“We must recognise the fact that we need each other. We are in a loop and no one should separate us, ” he stated, assuring that his administration will always be open and accessible to all neighbouring countries.

“I just appointed someone who will work with you as Comptroller General of Customs, Adewale Bashir Adeniyi, and he will be available for our common interest,” the President noted.

The President of Benin said he was inspired with renewed hope for the sub-region and Africa at the inauguration of President Tinubu in Abuja, pledging to provide support on trade and security policy, especially at the borders.

“We are prepared to work with you, Your Excellency, in implementing policies that will protect our economies at land and sea entries. Whatever is forbidden in Nigeria will also be forbidden in Benin,” Talon added.

President Tinubu also had bilateral meetings with Swiss President, Alain Berset, and President of the African Development Bank, Dr Akinwunmi Adesina.

International

Senegal scraps Akon’s $6bn Wakanda-inspired city project

Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.

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• Akon

The government of Senegal has cancelled Akon’s $6 billion plan to build a futuristic “Akon City” on the country’s Atlantic coast, after years of inaction and missed payments by the Senegalese-American singer.

Bloomberg reports that the project, first announced in 2020, was pitched as a tech-driven smart city inspired by Marvel’s Wakanda and promised to transform the quiet village of Mbodiène into a modern hub powered by solar energy and Akon’s own cryptocurrency.

But five years later, the Senegalese government has reclaimed most of the 136 acres of land initially allocated to the singer, after construction failed to begin and financial commitments were not met.

“That project no longer exists,” Serigne Mamadou Mboup, head of Sapco-Senegal, the state agency responsible for developing coastal and tourism zones, told L’Agence de presse sénégalaise.”

Bloomberg reports on Wednesday that SAPCO said it would now pursue a scaled-down, state-backed tourism project in the same area, with a budget of 665 billion CFA francs (about $1.2 billion), largely sourced from private investors.

Akon will retain just 8 hectares of the original land allocation, which will be absorbed into the broader development.

Despite the setback, officials say the revised plan could generate up to 15,000 jobs in its first phase, offering long-awaited economic hope for Mbodiène residents.

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International

Russian minister commits suicide after sack by Putin

Starovoyt, 53, served as Russia’s transport minister since May 2024.

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Russia’s former transport minister Roman Starovoyt killed himself Monday, July 7, 2025, hours after being officially dismissed by President Vladimir Putin.

The country’s Investigative Committee confirmed the incident via a statement on Monday.

Authorities said Starovoyt’s body was found in a Moscow suburb after the firing was announced, with “suicide” being considered the most likely cause of death.

Starovoyt, 53, served as Russia’s transport minister since May 2024.

He was previously the governor of the Kursk region, where Russia had battled a Ukrainian incursion.

The Investigative Committee said: “Today, the body of former Transport Minister Roman Starovoyt was found in his private car with a gunshot wound in the Odintsovo district.

“The main version (considered) is suicide.”

Russian state media and news agencies said Starovoyt shot himself.

It was not clear exactly when Starovoyt died.

(The Star.ng)

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International

Trump threatens extra 10% tariff on nations siding with Brics

A deadline for countries to agree a tariff deal with the US had been set for 9 July but US officials now say they will begin on 1 August.

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US President Donald Trump has warned that countries which side with the policies of the Brics alliance that go against US interests will be hit with an extra 10% tariff.

Trump has long criticised Brics, an organisation whose members include China, Russia and India, which was designed to boost countries’ international standing and challenge the US and western Europe.

“Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff.

There will be no exceptions to this policy,” Trump wrote on social media.

A deadline for countries to agree a tariff deal with the US had been set for 9 July but US officials now say they will begin on 1 August.

(BBC)

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