cancellation for countries facing the most severe challenges in the wake of the COVID-19 pandemic that had ravaged economies globally.
‘‘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.‘‘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.
‘‘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.‘‘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.
‘‘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. ‘‘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 measure with the support of various partners.
The President noted that while terrorism continued to dominate security discourse worldwide, in Nigeria, Boko Haram terrorist group, though fragmented by internal strife and weakened by our defence forces, is still active and preying on soft targets.
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.
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
For someone applying for more loans...
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