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    Sanwo-Olu condemns election day violence, orders suspects’ arrest

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    Sanwo-Olu raises civil servants salary by 20%

    The Lagos State Governor, Babajide Sanwo-Olu, has announced a 20 per cent increase in the salaries of civil servants in the mainstream public service. Others...

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    Buhari seeks debt relief for African countries

    The President, Major General Muhammadu Buhari (retd.), on Tuesday in Paris, France, called on European countries and global financial institutions to consider debt relief for African countries.

    He said this would assist in reducing the devastating effect of the Coronavirus pandemic on the countries.

    According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke at the Financing Africa Summit held at Grande Palais Ephemere with the theme: “External Financing and debt Treatment.”

    The statement was titled ‘President Buhari seeks debt relief for African countries, says PPP will reduce corruption, speed growth.’

    Shehu quoted Buhari as saying that the fall in commodity prices as COVID-19 took a toll on the global economy further slowed growth in some countries and strained health facilities.

    The President said, “It is in this vein that we solicit the support of the French government with its influence in the European Union to lend its voice to the efforts being made to mobilise additional resources for developing economies most especially Africa in order to strengthen the quantum of investments to our economies.

    “This financial support should also be extended to the private sector.”

    Buhari said the European Union should encourage fair and equitable distribution of the COVID-19 vaccines in less developed countries, and promote the establishment of manufacturing facilities.

    According to him, many African countries were already experiencing debt distress and the Debt Service Suspension by France and G-20 does not go far enough, adding that there was a need for more sustainable and affordable financing solutions, including debt relief and further debt restructuring.

    On the Paris Agreement for Climate Change, President Buhari noted that African countries would need financial support for green energy investment and COP-26.

    He said Nigeria will refocus on gas while adopting a Strategic Revenue Growth Initiative.

    On the theme of “Africa Private Sector – Reforms – Infrastructure’’, President said Public Private Partnership will be fully explored to ensure more precision in development, cutting down waste and reducing chances of corruption.

    “The government intends to leverage on Public Private Partnership to bolster its job creation and anti-corruption drive. In terms of job creation, Nigeria has an abundant labour force since 30.5 per cent of its population is between the ages of 25 and 54,” he added.

    Latest Posts

    Sanwo-Olu condemns election day violence, orders suspects’ arrest

    The Governor of Lagos State, Babajide Sanwo-Olu, has ordered security agencies to arrest perpetrators of attacks recorded in some local government areas during Saturday’s...

    Kano govt lifts dawn to dusk curfew

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    Sanwo-Olu raises civil servants salary by 20%

    The Lagos State Governor, Babajide Sanwo-Olu, has announced a 20 per cent increase in the salaries of civil servants in the mainstream public service. Others...

    Ex-JAMB registrar Ojerinde sues ICPC

    A former Registrar, Joint Admissions and Matriculation Board, Prof. Dibu Ojerinde, has sued the Independent Corrupt Practices and Other Related Offences Commission for alleged...

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