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First with the News

Qatar Makes U-turn, Says Investment Forum Will Hold During Tinubu’s Visit

February 25, 2024
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By Lucy Adautin

Qatar has reversed its decision not to host the business and investment forum proposed by President Bola Tinubu during his scheduled visit to the Arab country on March 2, 2024.

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This change comes after a leaked memo on Saturday revealed that Qatar initially declined the proposed investment forum, citing the unavailability of the country’s Minister of Commerce and Industry, Mohammed Bin Hamad Al-Thani.

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Furthermore, the Qatar embassy in Abuja previously stated that there was no agreement between Qatar and Nigeria regarding the investment forum. This information was conveyed in a letter dated February 22, 2024, addressed to the Protocol Department of the Ministry of Foreign Affairs in Nigeria.

However, in the letter, which was received by the ministry on February 23 2024, the Ministry of Commerce and Industry in Qatar apologised for the rejection of the proposed business visit.

Reacting to the alleged rejection, the Presidency said the Qatari government did not snub Tinubu.

It explained that the botched investment forum between the Nigerian and Qatari business communities was only one of several events lined up ahead of the President’s state visit to the Gulf country.

“It is not correct for anyone to insinuate that the Qatari authorities have snubbed the Nigerian leader over a business and investment forum which is tangential to the all-important state visit and which President Tinubu is slated to attend as a guest,” a statement signed by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, on Saturday read.

READ ALSO: JUST IN: Nigerian Senator Who Made Budget Padding Claims Suspended For Three Months

Onanuga, in a statement titled, ‘President Bola Tinubu’s state visit to Qatar,’ in response to a leaked note between the foreign ministries of both countries explained that Tinubu was expected to proceed to Qatar on the state visit as scheduled and during the visit, the Nigerian leader would engage in high-level bilateral discussions with Qatari leader on many important matters, covering the full range of diplomatic and economic issues.

However, in a twist of event, the Qatari has confirmed that the business parley will be held during Tinubu’s visit to the country in a memo dated Sunday, February 25, 2024, addressed to the Ministry of Foreign Affairs.

Qatar embassy said, “Regarding the upcoming State visit of H.E. Bola Ahmed Tinubu, President of the Federal Republic of Nigeria to Qatar from 2nd-3rd March 2024 and with reference to our Note: Ref: QEA/FA/057/24 dated 22/02/2024 regarding holding of a Business and Investment Forum (BIF) on the margins of Mr. President’s visit to Qatar on 2nd March 2024.”

“The Embassy has the honour to convey that the Qatar Chamber of Commerce will host the above-mentioned event on March 3, 2024, as proposed by the Nigerian side.”

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