Inside Details of What Buhari Said on Debt Burden, Inflation At Virtual Meeting With Global South

Related stories

Ranked: Countries With the Highest Remittance Costs

Key Takeaways Workers often pay high costs to send...

US Green card, legal status, buying land, own properties, permanent resident status

US green cardholders may be prohibited from buying land...

Lagos: Mr Governor, this sacrifice must get to Olodumare

By Funke Egbemode As a young reporter in the early...

Drama As APC, PDP Trade Words Over Davido, Gov Adeleke’s Visit To Tinubu

By Tajudeen Balogun A mild drama has ensued after Governor...

EFCC Declares Two More Wanted Over CBEX Fraud

By Kolawole Ojebisi Two more suspects have been declared wanted...
  • Buhari wants Global South To Agree on common agenda to reduce debt burden, inflation

President Muhammadu Buhari on Friday urged leaders of the Global South to agree on a common agenda on ways to reduce the increasing burden of debt and inflation on that region of the world.

Addressing the Global South Virtual Summit, the President expressed optimism that the meeting, hosted by India, in its capacity as the voice of the South, will address issues of climate change, food security and access to energy.

‘‘This huge debt burden has significantly derailed many countries’ development plans. The effect of the Covid-19 pandemic and the Russia/Ukraine conflict has further aggravated the situation.

‘‘In this regard, I wish to advise fellow leaders to agree on a common agenda to enable us to put forward our collective demands to the Global North through India as voice of the South.

‘‘I would urge India to further intensify efforts to facilitate the flow of Foreign Direct Investment to the Global South using its leverage as President of G20,’’ the Nigerian leader said .

Expressing appreciation to the Prime Minister of India, Narendra Modi, for inviting him to participate in the Summit, President Buhari noted that the Global South was driven by historical ties and sense of deep solidarity in pursuit of bridging the gap between the South and the North.

He described as very commendable the initiative to convene the summit entitled ‘‘the Voice of the Global South’’ under the theme: Unity of Voice and Unity of Purpose.

He hailed India’s emergence as voice of the Global South, considering the role the country played during its two-year terms at the United Nations Security Council and the humanitarian gesture it extended during the Covid-19 pandemic.

‘‘Excellencies, it is in line with the vision of One Earth, One Family, One Future that India calls for this Summit, bringing together leaders of the South to share their perspectives and priorities on a common platform ahead of the G20 Summit later this year.

‘‘Nigeria is in full support of this noble initiative and hope that the outcome of the Summit will be given top priority at the G20 meetings,’’ President Buhari said.

Leaders of India, Kazakhstan, Ecuador, Ghana, Sri Lanka, Suriname and Peru delivered statements at the Summit.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Ranked: Countries With the Highest Remittance CostsUS Green card, legal status, buying land, own properties, permanent resident statusLagos: Mr Governor, this sacrifice must get to OlodumareDrama As APC, PDP Trade Words Over Davido, Gov Adeleke's Visit To TinubuEFCC Declares Two More Wanted Over CBEX FraudDefection: Maku Backs Alia, Says No Plan To Make Benue Gov. Dumps APC For PDPShadow Opposition Cabinet: Judge Decides DSS, Utomi's Fate June 25DSS Seeks Court Injunction to Halt Utomi’s Alleged Opposition ProtestsMokwa Flood: Death Toll Hits 200 As NASEMA Recovers Bodies Of 7 ChildrenIn 2 Years, Tinubu Has Surpassed Shagari, IBB, Obasanjo, Yar'Adua, Jonathan, Says APCAnambra Guber: Soludo, Moghalu, Ukachukwu, Others Scale through as INEC Releases Final ListAmaechi Opens Up On Why He Made Wike Chief Of StaffElon Musk Slams Trump’s Spending Bill as An Abomination[VIDEO] Reuben Abati Blasts Wike for "Disrespectful" Comments on Amaechi, OdiliFubara Meets Tinubu in Lagos Amid Political Tension in Rivers State
X whatsapp