The Nigerian President, President Muhammadu Buhari has appealed to ‘developed nations’ to cancel all debts owed by ‘poor nations’, amid the coronavirus pandemic disease.
He said this while speaking at a UN-backed high-level meeting that was held virtually.
The President said;
“There is an urgent need for weak and needy countries especially those of Africa, to receive a fresh reprieve.
“Debts must be forgiven and cancelled. Free additional resources are needed urgently through an international consensus to enable poor countries work to reverse the devastation of COVID-19 to the human race.”
He also revealed about how the coronavirus pandemic disease has positively impacted Nigeria’s economy.
As stated by him, “the sharp decline in international oil prices which has negatively impacted revenues and growth, worsened external and domestic positions”.
Also it has led to “enormous human and economic toll on the country”.
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