Buhari addresses UNGA, calls for debt cancellation
The Evangelist
September 22, 2022
President Muhammadu Buhari on Wednesday addressed world leaders in New York, the United States, calling for the cancellation of debts of poor countries.
Speaking at the 77th session of the United Nations General Assembly, Buhari said developing countries were facing numerous challenges, including the inability to service external debts.
He 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,” he said.
“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.”
Buhari told the world leaders 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 vowed to entrench a process of free, fair, transparent, and credible elections through which Nigerians elect leaders of their choice.
The President 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.
