President Muhammadu Buhari has appealed to rich nations and international financial institutions for outright debt cancellation
In his speech yesterday at the 76th Session of the UN General Assembly in New York, Buhari particularly urged G20 countries to extend their debt suspension initiatives to all developing countries, least developed countries and small island developing states facing fiscal and liquidity challenges.
x“Developing countries have been faced with unsustainable debt burdens even before the pandemic.“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.
NEW YORK, NEW YORK - SEPTEMBER 24: President of Nigeria Muhammadu Buhari addresses the 76th Session of the U.N. General Assembly at U.N. headquarters on September 24, 2021 in New York City. More than 100 heads of state or government are attending the session in person, although the size of delegations are smaller due to the Covid-19 pandemic. John Minchillo - Pool/Getty Images/AFP (Photo by POOL / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) headtopics.com
“I must commend the current initiatives by the international financial institutions and the G20 aimed at significantly mitigating the economic situation of the indebted countries and urge for more efforts in this regard.x“Therefore, there is an urgent need to consider expansion and extension of the debt service suspension initiative to include all developing, least developed countries and small island developing states facing fiscal and liquidity challenges.
“In addition, a review of the eligibility criteria for debt suspension, including outright cancellation, is needed for countries facing the most severe challenges,” Buhari said.The President called for reforms of international trade that would engender recovery from the COVID-19 crisis, build resilience to future shocks and pursue transformative development strategies that could deliver the 2030 Sustainable Development Goals.
x“Nigeria reaffirms that international trade is an engine for development and sustained economic growth, as well as the global eradication of poverty.“My delegation would like to reaffirm the critical role that a universal, rules-based, open, non-discriminatory and equitable multilateral trading system can play in stimulating economic growth and development.
“Fair and equitable trade would eventually eliminate the need for aid. My country and indeed all African countries do not intend to stay indefinitely looking for aid. All we need is a fair and equitable system of international trade,” he said.xThe News Agency of Nigeria (NAN) reported that the President also used the occasion of the speech to renew his advocacy for equitable distribution of COVID-19 vaccines, outlining steps Nigeria had taken to achieve “moderate success” in containing the virus and halt its deadly onslaught in the country. headtopics.com
He added: ‘‘Nigeria remains grateful for the assistance received from our partners and friends all over the world. Vaccination is the key to our safe emergence from the pandemic.“We fully support the COVAX initiative from which we have benefitted. We also thank the United States of America, Turkey, India, China, European Union and others for the vaccines provided.
x“Despite the acknowledgement, however, I would like to reiterate my call for a fairer and more equitable distribution of vaccines to all countries so that, together, we can fight and contain the pandemic.“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 Nigeria had intervened to halt the pandemic, adding: “At the outset, we recognised detection and contact tracing to be important tools in combating the virus.x“In this connection, from a mere four laboratories with testing and detection capacities, we ramped up the facilities to over 140 centres today.
“Similarly, we built isolation centres and emergency hospital wards in record time all over the country. We carry out genomic sequencing in designated laboratories across the country with a view to detecting variants in circulation.“In addition, over 40,000 health care workers have recently been trained on Infection, Prevention and Control measures with the support of various partners. headtopics.com
x“Through the Nigerian Centre for Disease Control (NCDC), we have established 16 infectious disease treatment centres located within our Teaching Hospitals and Federal Medical Centres.”On terrorism, Buhari told the UN General Assembly that Nigeria’s security forces had recorded considerable success in the fight against terrorism.
“As a result of the renewed vigour of Nigeria’s military, many terrorist fighters are voluntarily surrendering to our security forces,” he noted.xThe President noted that while terrorism continues to dominate security discourse worldwide, in Nigeria, the Boko Haram terrorist group, though fragmented by internal strife and weakened by our defence forces, was still active and preying on soft targets.
“Nigeria will continue to work closely with the UN Counter-Terrorism bodies and entities with a view to bringing this scourge to an end,” he assured.He said the country would spare no effort in addressing the challenges of terrorism posed by the activities of Boko Haram in North East and the Lake Chad regions, as well as banditry in the North West and North Central regions.
“I and three other Nigerian Heads of State served actively as peacekeepers and Nigeria continues to support peacekeeping efforts. We know the sacrifice involved; we also know how important peacekeeping is for those in vulnerable situations.“Nigeria will continue to play its part fully in supporting UN peacekeeping operations within Africa and beyond,” the President pledged.Read more: The Guardian Nigeria »
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They should cancel it... So that you can borrow MORE. Am sure they are not as senseless as you are This Buhari government is a yahoo and terrorist government just Abba kyari What? No bloody way, that lets them get away with graft. After you bankrupt the country, you are now begging for loan repudiation....that shows the kind of manager (leader) you are. You are not creditworthy and shameless
Our debt was cancelled 16 years ago, what went wrong(?) Just great. You can pass the IELTS exam in flying colours and get a permanent residency to Canada. DM for details on the high score formula for passing the IELTS exam in 2023 World Leaders don't listen to Buhari. Tell him to pay his debts before he leaves Office in 2023.
The foolishness of this man is shocking!! It is pure wickedness for u to borrow money and then ask the lender 5o forget about it. It is wickedness Beg beg Wetin u use the loans do ?
UNGA 76: Buhari talks debt cancelation, COVID-19, terrorismPresident Muhammadu Buhari on Friday in New York appealed to rich nations and international financial institutions for outright debt For someone applying for more loans... Do you know how many debts they had cancelled for Nigeria If not the debt rate would be so high They keep taking loans without building infrastructure that would pay back the loan After all, more than half of the money most Third World countries is owing is back into the economies in the West through money laundering. The creditors should put that into consideration for debt-forgiveness.
Good move, gotta try to cancel that debt that was looted for decades. As far as debt, US is close to 30 trillion dollars in debt. When Bam Biallah blood runs in your vein How come he is begging and still standing naa?..oga go down on your knees joor,or you for carry FFK follow body abi na wetin be him work for that una nonsense party🤪🤪🤪
بارك الله فيك سيادة الرئيس المحترم May Almighty Allah bless you and Nigeria your excellency President Muhammadu Buhari. So that he can collect more. This man is annoying and very funny at the same time he is am intentional man sha in doing anyhowness lol The request is laughable, I am sure his clueless advisor is telling him that Obasanjo did it why shouldn't you? Well it will not succed because MBuhari had taken a sledge jhammer to the economy instead of growing it will his appointment of incompetent incharge of the country
Shameless bambiala he wants to beg his way out of debt and still beg to prosperity. Buhari is a curse to Nigeria You keep borrowing and you are begging for debt cancellation and you thought you can do it like OBJ,ask your boss how does it ok I am an object, I am tall and slim. I go from country to country begging for money for input. What am I? A Ghost, dead man walking P. Please retweet until the senseless animal sees it. EndSARS Efcc AbbaKyari igbo, president buhari Fulani lekki Nysc. NoOneNigeria...
UNGA: PDP asks UN to demand commitment from Buhari on 2023 - Daily TrustThe Peoples Democratic Party (PDP) has asked the world body and other democratic institutions to query President Muhammadu Buhari on the role of his administration in the escalation of terrorism, violation of rights, electoral malpractices, corruption,...
When you borrowed to develop your country if you beg they will listen but when borrowed to steal when you beg you're a joke they won't listen. Really? Dis is not OBJ regime o Cancellation is the hope PMB has for asking for more loans. Begging on one hand for cancellations, bedding on the other for more loans. Start clearing the old debts and there will be hope you can be forgiven or given more loans
Somebody actually told this mannequin that debts will be cancelled, and that's why he borrows recklessly. Do you know the hard work NOIweala and OBJ did to realise that feat for Nigeria years back? What a monumental global failure u 're to think that will happen again? Almajiri will always be almajiri
As if he will stop borrowing when they agree to cancel it. How much went to miyetti Allah for weapon D bam biallah speech. He sang to world leaders. Almajiri President begging all around while collecting more loans....pay your debts After cancellation,then you borrow fresh ones
UNGA: PDP reports Buhari to UN over terrorism, right violations, corruption in NigeriaThe Peoples Democratic Party, PDP, has urged the world to query President Muhammadu Buhari over his role in the escalation of terrorism, violation of Instead they will call for referendum in Nigerian. MBuhari Is a terrorist, He is not hidding. BiafraExit and Oduduwa Is your only hope..
Nonsense cancel it & the jihadíst pan handler will accumulate the canceled amount in a few months What a whoa My opinion. I feel pmb is borrowing to devalue the Naira and now that the value has been dropped, the G20 will now write off our debt bcoz he has danced to their tone. Other are making Vital points that will change the world, your own nah to go beg.
Yahoo Yahoo President. Article 16. ...Do not let them ask you for things, since their greed will then make them look upon you only as a cow to milk... T. E. Lawrence 1917 How much went to Buhari's son's wedding? Muhammadu Hushpuppi Buhari Keep borrowing
Buhari to address 76th UNGA at 2PM - Punch NewspapersThe most widely read newspaper in Nigeria NINAS is on duty too. As if say he wants to say something new.. I ashua you.. I ashua you I ashua you.. 🙄🙄🙄 It's okay 😀
UNGA: Amidst mounting loan requests, Buhari seeks debt cancellation for Nigeria, others‘‘Developing countries have been faced with unsustainable debt burdens even before the pandemic.” Maybe Mr President don't know what it cost Chief Olusegun Obasanjo and Okonjo Iweala then before Paris Club forgo our debt. Let him and his economic team work harder then those countries we are owing will see genuire seriousness in us. This is how the holy bible described a wicked man. He borrows & refuse to payback.
Buhari Seeks Debt Forgiveness For Nigeria, Others At UNGAWith growing concern among Nigerians about the continuous borrowing by the federal and state governments, President Muhammadu Buhari has appealed to world