RECANT: Tinubu not first African leader to Ring Closing Bell at NASDAQ in New York – Presidency

 

“We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser.”

PEGASUS REPORTERS, LAGOS | SEPTEMBER 23, 2023

The Nigerian Presidency has apologised for a major blunder in claiming that Tinubu was the first African leader to ring the closing bell at the National Association of Securities Dealers Automated Quotations (NASDAQ).

The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said Tinubu became the first African leader to ring the closing bell at NASDAQ on September 20, 2023.

The Nigerian presidency has apologised for committing a major blunder with that statement.

In the controversial statement, Ngelale had reported that the president was invited to the event in honour of his determined global push to aggressively attract foreign direct investment into Nigeria.

“In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria, the world’s second largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited President Tinubu to ring the closing bell, making him the first African President to ever receive the honour,” he had said.

However, it has been proved that contrary to Ngelale’s claim, Jakaya Kiwete, former president of Tanzania, rang the NASDAQ closing bell in 2011.

Recanting on Friday, the presidency said the error was “deeply regretted”.

“We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser.”

“We have since found out that this information was/is incorrect as a former African leader has indeed had the privilege. This error is sincerely regretted,” the statement said.

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