Buhari Seeks Debt Forgiveness For Nigeria, Others At UNGA

‘‘The COVID-19 pandemic has increased the risk of a new wave of deepening debt where vital public financial resources are allocated to external debt servicing and repayments at the expense of domestic health and financing for critical developmental needs.”

LEADERSHIP Weekend reports that President Buhari’s calls for debt cancellation comes amidst growing concern and criticisms from Nigerians at the Buhari administration’s continuous borrowing to fund budget deficits. The recent trend of unconstitutional takeover of power, sometimes in reaction to unilateral changes of constitutions by some leaders, was also addressed by President Muhammadu Buhari who urged the international community not to tolerate such coups.‘‘As leaders of our individual member states, we need to adhere to the constitutional provisions of our countries, particularly on term limits. This is one area that generates crisis and political tension in our sub-region,’’ he said.

‘‘This will facilitate the achievement of the 2030 Agenda for Sustainable Development and the African Union Agenda 2063.” ‘‘The rising wave of newer and more contagious strains makes this even more urgent. No country can afford the socio-economic implications of prolonged shutdown. It is imperative to underscore that no one is safe until everyone is safe,’’ he said.‘‘At the outset, we recognised detection and contact tracing to be important tools in combating the virus.

‘‘Through the Nigerian Centre for Disease Control, we have established 16 infectious disease treatment centres located within our teaching hospitals and Federal Medical Centres,’’ he said. ‘‘Nigeria will continue to work closely with UN Counter-Terrorism bodies and entities with a view to bringing this scourge to an end, ’’ he said, adding that the country would spare no effort in addressing the challenges of terrorism posed by the activities of Boko Haram in North East Nigeria and the Lake Chad region, as well as banditry in the North West and North Central Nigeria.

‘‘Nigeria reaffirms that international trade is an engine for development and sustained economic growth, as well as the global eradication of poverty. ‘‘It is unreasonable to expect unanimity in this matter. The issue, indeed, is about justice, not unanimity. Without justice, the legitimacy of our organisation is called to question.

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