President Muhammadu Buhari has asked world leaders to consider debt cancellation for developing countries.
THe made the appeal in his speech at the 76th Session of the UN General Assembly.
Critics of the Buhari administration have accused him of sinking Nigeria into debt but the Federal Government has defended its borrowings.
While addressing the UN General Assembly, Buhari equally called for fair and equitable trade policies.
He said such policies will eliminate the need for aid, adding that African countries do not intend to stay indefinitely looking for aid.
“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.
“In addition, a review of the eligibility criteria for debt suspension, including outright cancellation, is needed for countries facing the most severe challenges.
“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.
Buhari also told the world leaders not to tolerate the recent trend of unconstitutional takeover of power, sometimes through what he called “unilateral changes of constitutions” by some leaders in Africa.
The President spoke on the issue currently rocking the West Africa sub-region
He warned that democratic gains of the past decades in West Africa “are now being eroded” due to these negative trends.
$418m Paris Club Refund: Govs Tackle Malami, Say Action Fraudulent, Self-Serving
The Nigeria Governors’ Forum (NGF) on Wednesday described the positions of the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on the controversial $418 million Paris Club contractors’ fee as “fraudulent and self-serving.”
The NGF Chairman and governor of Ekiti State, Dr Kayode Fayemi, disclosed the position of the forum in a communique issued at the end of its meeting, held at the Conference Hall of the Presidential Villa, Abuja.
Fayemi, while reading the communique to journalists, said the governors had resolved to pursue the issue, which is before the law court, to a logical conclusion so as to know the next steps to take on the matter.
The governors, who insisted that the deductions for the payment of said consultancy were illegal, especially as the matter is before the courts, said Malami was not acting in public interest.
“The forum extensively reviewed the purported attempt by the Attorney-General of the Federation and the Minister of Finance to circumvent the law and a recent judgment of the Supreme Court, to secure the approval of the Federal Executive Council, to effect illegal payment of the sum of $418 million to contractors who allegedly executed consultancies in respect to the Paris Club Refunds to state and local governments.
“The forum set up a committee comprising the Chairman, the governor of Ekiti State, the Vice Chairman, the governor of Ondo State, the governor of Plateau State, the governor of Nasarawa State and the governor of Ebonyi State, to interface with the committee set up by Mr. President to review the matter.
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“But the position of the Governors’ Forum is clear and unequivocal. Although this matter is sub-judice and we are very reluctant to get in the way of a matter that is still being pursued in the courts, we are constrained by the manner in which the Honorable Attorney-General has been going around various media houses and purporting to create the impression that this is a liability to which governors have committed themselves to and agreed to, even though he is very much aware that that’s not the case.
“We reject all of the claims that he has made on these issues and we also insist that states will not give up on insisting that these purported claims are fraudulent and will not stand, as far as governors are concerned, and we will take every constitutional and legal means to ensure that these purported consultancies are fully litigated upon by the highest courts in the land.
“If the courts now find governors and the Nigerian Governors’ Forum and states liable, then we’ll cross that bridge when we get there. As far as we are concerned, this is a matter that governors feel very strongly about and we do not believe that the Attorney-General of the Federation is acting in the public interest. We believe he’s acting in personal, selfish interest, that would ultimately become clear when this matter is fully addressed in the law courts,” he said.
The governors, who also deliberated on the prevailing economic and security situation in the country, agreed to intervene by engaging with the federal government and other stakeholders to deliberate, suggest immediate action plans on ameliorate the current situations.
“The Forum extensively discussed the state of the Nigerian economy and security, following a presentation by Mr. Bismarck Rewani, member of the President’s Economic Advisory Council, the Forum resolved to immediately engage with the federal government and other critical stakeholders; Labour, the presidential candidates of political parties, and corporate actors on finding resolutions and suggestions to implement a set of immediate actions to ameliorate the worsening economic conditions in the country”, he said.
On the industrial action by the Academic Staff Union of Universities (ASUU), the communique said “on the prolonged strike by Nigerian universities, the forum encourages the federal government and the Academic Staff Union of Universities to find meaningful resolutions to the lingering impasse and as proposed to engage with both parties, just as we have done in the past, in a bid to ending the strike”.
The communique further revealed that the Forum discussed several other issues, ranging from resolve to increase funding for the health care sector to encouraging fiscal transparency in states.
Ex-IBB spokesman, Duro Onabule, dies at 83
Duro Onabule, former Chief Press Secretary of former Military President, General Ibrahim Babangida, has died at the age of 83.
The veteran journalist reportedly died on Tuesday evening.
A close associate of Onabule’s family, Chief Eric Teniola, broke the news of the foremost journalist’s death, saying, “Chief Duro Onabule died this evening”.
He Onabule was presidential spokesman for the greater part of Babangida nine-year administration when the government shut down many newspapers and magazines and slammed their publishers with temporary proscription to make them comply with the code of conduct set up by the administration.
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He was born in Ijebu-Ode, Ogun State, on September 27, 1939 and graduated from CMS Grammar School and School of Journalism, London.
He started his first media work as a reporter at the Daily Express in 1961. Three years later, he joined the Daily Sketch and spent some time there before going back to his previous employer, Daily Express.
In 1969, he served as the London correspondent of the Express. In the mid-1970s, he worked for the Daily Times and later became a deputy editor of the Headlines magazine.
Onabule was appointed features editor when the late MKO Abiola started Concord Press and in 1984, he became the editor of Concord newspaper.
He was a columnist at the Sun newspapers until his death.
Insecurity: Lagos considers total ban on okada
The Lagos State Government says it is considering a total ban on commercial motorcycles in all local government areas of the state.
The state Commissioner for Information and Strategy, Gbenga Omotoso, said this at a stakeholders forum organised to review the ban on commercial motorcycles in parts of the state.
The forum, held in Lagos on Tuesday, had the theme: “Okada Ban, What Next: Review of Enforcement and Compliance, Two Months After.”
The Lagos State Governor, Bababjide Sanwo-Olu, on June 1 banned the operation of commercial motorcycles, popularly called okada, in six local government areas and nine LCDAs.
The six local governments are Ikeja, Surulere, Eti-Osa, Lagos Mainland, Lagos Island and Apapa.
Omotosho said after seeing the results of the ban in the six local government areas, the people of Lagos had been calling on the government to expand the ban.
“Some people have suggested that the ban should be statewide, considering the present anxiety over security,” he added.
According to him, the forum is to take stock of the government decision on the ban and agree on the next step to take.
He recalled the criticisms that initially trailed the ban, “based largely on sentiments of those who had not witnessed the havoc some of the Okada riders caused in the areas of health and security.
“Residents were being robbed of their belongings by robbers who used motorcycles to flee scenes of crimes.
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“Our public hospitals were being filled with victims of Okada accidents, doctors had their hands full at Emergency wards, and hoodlums who rode unregistered motorbikes posed great security risks.”
The commissioner said all stakeholders now have the opportunity to make suggestions on what steps the government should take on the matter.
In his remark, the Commissioner for Transportation, Dr Frederic Oladeinde said that the ban had recorded significant successes and compliance.
Oladeinde said in the affected areas within the period under review, available records’ showed that crime and accidents had reduced drastically.
“In the affected areas within the period under review, available records’ show that crime and accident rate reduced astronomically by 86 per cent and 63.7 per cent, respectively.
“While a total of 7,500 motorcycles were impounded and crushed accordingly,” he added.
He said that the rise in the level of insecurity nationwide has made it imperative to review the impact on the ban on motorcycles in parts of the state and further steps to protect the people.
“The Federal Government is presently considering the total ban of motorcycle operations across the federation as most of these underground activities are been enhanced with the use of motorcycles.
“Also, the attention of the state government has been drawn to the security threat parading the news across all socio-media platforms that some unscrupulous individuals are planning to attack the state.”
Oladeinde said the government was already working round the clock to secure the state.
The commissioner said the focus on Okada operation was due to their non-compliance to traffic rules and regulations, and its being used for robbery, kidnapping, arms supply and attack on citizens.
He said the forum was expected to re-ignite the state’s commitment to tackling traffic rules violations and criminals operating as commercial riders.
The Special Adviser to the governor on Transportation, Sola Giwa said the forum should come up with suggestions to guide the government on decisions to take on the operation of Okada riders.
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