UNGA 79: "It'll Help Solve Challenges": Tinubu Seeks Debt Forgiveness for Nigeria, Other Countries
- President Bola Tinubu urged creditors to forgive the debts of Nigeria and other developing nations
- Represented by Vice President Kashim Shettima at the UNGA, Tinubu called for reforms in the international financial system
- Tinubu reiterated that meaningful economic progress for countries in the global South requires special concessions
New York, United State - President Bola Tinubu has called for urgent debt relief for Nigeria and other developing nations.
Represented by Vice President Kashim Shettima, during the 79th Session of the United Nations General Assembly (UNGA) in New York, Tinubu stressed the need for global financial reforms and greater support for vulnerable economies.
Source: Twitter
Tinubu call for increasing debt forgiveness
Addressing world leaders during the General Debate, President Tinubu urged creditors and multilateral financial institutions to forgive the debts of Nigeria and other struggling nations.
He argued that the overwhelming debt burden on these countries hinders their development and capacity to meet citizens' needs, Vanguard reported.
Tinubu said:
“Countries of the global South cannot make meaningful economic progress without special concessions and a review of their current debt burden."
Tinubu reiterates need for global financial system reforms
The Nigerian president also advocated for reforms in the international financial architecture.
He emphasized the importance of promoting a fair and transparent multilateral trading system, where developing countries could have a fighting chance to grow their economies without being stifled by trade barriers and protectionist policies, The Punch reported.
He said:
“We reiterate the call by countries, especially of the global South, for reform of the international financial architecture and promotion of a rules-based, non-discriminatory, open, fair, inclusive, and equitable multilateral trading system."
Tinubu demands fresh action from Senate over Justice Kekere-Ekun
Earlier, Legit.ng reported that President Bola Tinubu has formally requested the Senate's confirmation of Justice Kudirat Kekere-Ekun as the Chief Justice of Nigeria (CJN).
This move follows the National Judicial Council's (NJC) recommendation of Justice Kekere-Ekun to succeed Justice Olukayode Ariwoola, who recently retired.
In his letter to the Senate, Tinubu cited Section 231(1) of the Nigerian Constitution, which empowers him to appoint the CJN based on NJC recommendations, pending Senate approval.
Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
