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Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts - Politics - Nairaland

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Buhari asks G20 to cancel Nigeria’s debt after fresh $4bn, €710m loan request / Nigeria’s Debts: How Each Nigerian Owes ₦155,000 / Tough Policies: IMF, World Bank Take Over Nigeria’s Economy - TribuneOnline (2) (3) (4)

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Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by dre11(m): 6:58pm On May 04, 2020
President Muhammadu Buhari has urged international financial institutions to assist member states in cushioning the negative impact of the pandemic in the spirit of solidarity.

President Buhari said the assistance includes extending concessional loans, technical support, lowering of tariff on medical equipment and consumables, sharing of expertise in case management, adopting open trade policies, as well as outright debt cancellation.

Already, countries ravaged by the COVID-19 pandemic have been seeking loans from international financial institutions like the World Bank and International Monetary Fund (IMF) among others.

“Within the spirit of South-South cooperation, we must also assist one another, particularly the less developed and less endowed member states with technical, medical, and financial assistance.

“It is by so doing that we can rightly claim to uphold the Bandung Principles of equality, mutual interests, and cooperation,” President Buhari said this on Monday in Abuja while participating in a virtual Summit of Heads of State and Government of the Non-Aligned Movement (NAM).

The President, who said only a collective international approach would mitigate the devastating effect of COVID-19, assured that the Federal Government would intensify efforts to monitor, test and isolate more people, especially at the community level.

He added that national, regional and global strategies would be required to tackle the pandemic, which, he said, had ravaged humanity and caused unprecedented devastation to the well-being of people, their livelihoods, and global economy.

“The theme of this extra-ordinary Summit ‘United Against COVID-19 Pandemic,’ aptly reflects the importance for a proactive approach and the need for multilateral cooperation in finding quick solutions to the challenges that COVID-19 pandemic poses to our nations.

“Since the outbreak of the disease, countries have made concerted efforts to limit the spread of the pandemic within and outside their borders as well as treating those infected by the virus.

“Two weeks ago, we in West Africa came together to work out a common sub-regional response to the crisis. The summit appointed me the Champion to lead our efforts on fighting the pandemic in our region,” he added in a statement issued Monday by his spokesperson, Femi Adesina.

President Buhari said the task before the international community remains daunting, and more needs to be done to reduce the impact of COVID-19. According to him, “It is now clearly evident that no nation can independently and singlehandedly tackle a pandemic of this nature which is no respecter of borders, regions or status.

“Invariably, enhancing multilateral cooperation through exchange and sharing of best practices is imperative to overcome the disease.

We must, therefore, form a united front against this common enemy by being coordinated and timely in our responses. “Furthermore, we must all encourage and empower our scientists and medical experts to join the quest for a vaccine and cure to this universal plague.’’

He also told Heads of State and Government of the Non-Aligned Movement that the central role of the United Nations and the World Health Organization (WHO) in fighting the pandemic must be acknowledged and leveraged for the benefit of all member nations.

Source: https://www.dailytrust.com.ng/covid-19-buhari-begs-imf-world-bank-to-cancel-nigerias-debts.html

6 Likes 2 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Paperwhite(m): 7:04pm On May 04, 2020
The president is not serious.After accumulating staggering debts for Nigeria while his economic team downplayed the economic implications it will have on the nation, now he is begging IMF to forgive our debts.

For your information, the $3.4M IMF boost recently given to Nigeria that the govt & its supporters were saying it was not a loan have long been clarified to be a loan.IMF is not a charity organisation.

370 Likes 21 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Faithful4real(m): 7:10pm On May 04, 2020
Las las them go borrow another money

234 Likes 12 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by TripA(m): 7:13pm On May 04, 2020
if this guy believes they care about Africa or have the tiniest regard for us has a nation then he's truly an almajiri


nothing is free

121 Likes 2 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Ezennwa(m): 7:15pm On May 04, 2020
hmm!

What about all the monies you borrowed, what did you do with them.

what do i know.

187 Likes 8 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by festacman(m): 7:17pm On May 04, 2020
Unless you ask, you may never get.
Closed mouth is closed Destiny.

23 Likes 2 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by GamalNasser: 7:18pm On May 04, 2020
Show them one thing you did with the loan before they cancel

168 Likes 10 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Tissaia(f): 7:20pm On May 04, 2020
Fake nus

3 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by FavourIfechukwu(f): 7:38pm On May 04, 2020
What happens to other countries whose debts are not even up to that if Nigeria
You have to pay after borrowing thing..

12 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by helinues: 7:48pm On May 04, 2020
shocked

Those debts, what have they done with the real money?

Nonsense

8 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by mayklef(m): 7:49pm On May 04, 2020
See wat diz Ewu has reduced us 2....from been the "Giant of Africa" to "Almajiri Of Africa", Northerners and begging

175 Likes 15 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by mrvitalis(m): 7:49pm On May 04, 2020
Lol ......your adminstration borrowed a large share of the debt ...and plan to borrow more ...why should any sensible person clear your debt

You have to remove subsidy for at least a year
Stabilize your exchange rate for 18 months ...then
Most importantly show credibility with the loan given to you

25 Likes 3 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Tissaia(f): 7:50pm On May 04, 2020
Very fake news from Dailylies

1 Like 2 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Drigby2: 7:50pm On May 04, 2020
BUHARI THE LIFELESS BEGGAR

Tissaia:
fake news
Your existence is fake news. Focc outta here

105 Likes 6 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Nobody: 7:50pm On May 04, 2020
Nigeria should pay.


When you borrow, you pay back with interest.

Nigeria should pay up please

Let them use Abacha loot and settle the depth

20 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Nobody: 7:50pm On May 04, 2020
To cancel the debt his great great great grand father work for abi...

World bank and IMF should just take over the whole Nigeria as collateral undecided

10 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Roon9(m): 7:50pm On May 04, 2020
Jesús! Why are we always begging?




Call for a decent solar plan for your home and businesses comprising a 1kva luminous inverter, 200AH battery and 4*150W solar module for up to 18hrs uninterrupted power supply daily. All for just #315,000

4 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Nobody: 7:50pm On May 04, 2020
ODIEGWU

14 Likes 1 Share

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Nbote(m): 7:50pm On May 04, 2020
So when he was borrowing he didnt know abi? If dey cancel d debts he'll go right ahead and borrow more..

Anyways make una buy affordable data jare

5 Likes 1 Share

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by thoollz: 7:50pm On May 04, 2020
If at all I want all my debts to be erased, I have to show the giver what I've used the money I borrowed for. Simple!!!


They erase this today, u'll go to China to borrow tomorrow. Borrow borrow make we loot.

15 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by SeverusSnape(m): 7:51pm On May 04, 2020
Bubu the mumu should keep shut! grin

When you dey collect money, e dey sweet you, now come pay, you no gree. you lie!

20 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Ololanla: 7:51pm On May 04, 2020
No iota of shame whatsoever.
Alai ni ti ju.

6 Likes 1 Share

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by omowolewa: 7:51pm On May 04, 2020
Including the last one
Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Monaco2(m): 7:51pm On May 04, 2020
Wait fes o, aw did imf n world bank got so much money, asin who deposit money give dem wey dem Dey loan give pipo...?!?


If dem cancel naija debt d way this government go take loot billions eehhhn

3 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by ednut1(m): 7:51pm On May 04, 2020
Lol
Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Nobody: 7:51pm On May 04, 2020
grin
Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by EmekaBlue(m): 7:51pm On May 04, 2020
IDIOT

After he has embezzled the money with his crew members

6 Likes

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by money121(m): 7:51pm On May 04, 2020
Ok
Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by Stalwert: 7:51pm On May 04, 2020
grin grin mis-characterizing his statement as usual by the dishonest media


President Muhammadu Buhari has urged international financial institutions to assist member states in cushioning the negative impact of the pandemic in the spirit of solidarity.


To all the inbreeding underachieving morons, PMB moves on.

4 Likes 2 Shares

Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by livebyday(m): 7:51pm On May 04, 2020
angry
Re: Buhari Begs IMF, World Bank To Cancel Nigeria’s Debts by 4four(m): 7:51pm On May 04, 2020
I always talk am say this man NA yahoo! Yahoo!! Man. You can imaging after borrowing billions of dollars, you are now begging them to forget and forgive the money. Off which up to 80% of the said loan was spend on his peoples up north. If NA so all the countries they do hin go c money borrowed in the first place

12 Likes 1 Share

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