UNGA: Buhari seeks debt cancellation for developing countries

President Muhammadu Buhari on Wednesday called on world leaders to consider debt cancellation of poor countries saying they were facing numerous challenges.

He made the call while speaking at the 77th session of the United Nations General Assembly, in New York.

Buhari asked the world leaders to address what he described as the burden of unsustainable external debts.

“Nigeria, therefore, implores our global partners to do more to complement our endeavours. Indeed the multi-faceted challenges facing most developing countries have placed the ability to address their fiscal place,”

This equally calls for the need to address the burden of unsustainable external debts by a global commitment to the expansion and extension of the debt service suspension initiative to countries facing fiscal and liquidity challenges as well as outright cancellation for countries facing the most severe challenges, he said.

President Buhari stated that he would be addressing the diplomatic community as President for the last time, underpinning that by this time next year, Nigeria will have a new president representing her.

He promised to entrench a process of free, fair, transparent and credible elections through which Nigerians elect leaders of their choice.

Buhari also reiterated his commitment to constitutional term limits and Nigeria’s effort to promote rule of law and democracy in West Africa, citing the country’s support to The Gambia, Guinea Bissau and Chad during their political impasse.

By Hadiza Abdulrahman

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