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President Buhari advocates debt cancellation for needy countries

President Muhammadu Buhari has called on developed countries and international financial institutions to cancel debts of ‘needy countries, especially in Africa, to enable them reverse the devastation of COVID-19.

President Buhari reiterated this appeal for debt cancellation for African countries at a virtual meeting tagged ”High-Level Event on Financing for Development in the Era of COVID-19 and Beyond”.

Convened by Canada, Jamaica and the Secretary-General of the United Nations, President Buhari said global solidarity was the hope for humanity.

President Buhari urged major nations to provide free, additional resources through an international consensus to assist poor countries fight the Coronavirus pandemic.

Photo: Bayo Omoboriowo

He cautioned major nations against adopting the ”me first syndrome”, and ”every man for himself” attitude, warning that the consequences could only be imagined.

The President also used the occasion to appraise the international community on the devastating impact of the pandemic on the Nigerian economy, the health sector and efforts by his administration to mitigate the crisis.

More than 50 Heads of State and Governments, as well as Heads of international organisations participated in the High-Level Event.

Aminu Bello

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