COVID-19: Summit urges Nigeria to galvanise other nations to seek debt

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Considering the impact of COVID-19 on developing economies, which has worsened their debt situation, participants at the just concluded

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Nigeria COVID-19 summit has stressed the need for Nigeria to galvanise other nations to call for debt relief so that resources could be channelled towards building the national bio-security and ensuring Universal Health Coverage .

The communiqué read, “For impact measurement and effective evaluation of the national response, the collaboration between national and sub-national entities should be strengthened. In line with current global practice and recognising the persisting threat of COVID-19, the coordination structure under the Presidential Steering Committee should be sustained.

MEANWHILE, the International Monetary Fund has said “robust and reliable vaccine capacity in Africa is a global public good,” as it called on stakeholders across blocs to support the cause. Quoting the famous French chemist, Louis Pasteur, it noted that “science knows no country, because knowledge belongs to humanity, and is the torch, which will illuminate the world,” adding that Pasteur’s position is more striking today than any other time in human history.

“It is critical that the region has the tools and the necessary funds to build capacity to produce and manufacture vaccines. This need is especially acute given that the overall COVID vaccination rate on the continent is still below 10 per cent. As Africa faces the fourth wave of infections, the emergence of the Omicron variant is yet another reminder that the region’s ability to equip itself to fight this pandemic and address future healthcare needs has global implications,” it added.

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The lender nations are worst hit by the Covid-19 pandemic, with some of them still in different stages of lockdown. They need the money they loaned us more than we do. Very silly how a government goes borrowing & so,w group wants debt relief just like that.

And use the money for what?

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