Buhari Seeks debt cancellation for Nigeria At UN Assembly

Buhari Requests Debt Cancellation At UN Assembly

The President of Nigeria, Muhammadu Buhari, has called on Top 20 Countries of the World (G20) to extend its debt suspension initiative to Nigeria and other developing countries. Jamb Results

President Buhari made this call at the 76th Session of UN General Assembly held in New York, United States of America on Friday. Information Guide Nigeria

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In a report filed by DAILY NIGERIAN, the President has called for cancellation of debts for countries facing challenges due to COVID-19 pandemic.

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The President state, ‘‘The COVID-19 pandemic has increased the risk of 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.

‘In addition, a review of the eligibility criteria for debt suspension, including outright cancellation, is needed for countries facing the most severe challenges.’’

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