Gbajabiamila, other African speakers kick-off battle for debt cancellation

Gbajabiamila, other African speakers kick-off battle for debt cancellation

- African speakers are calling for debt cancellation as a result of coronavirus

- Nigeria's Femi Gbajabiamila joined his African counterparts to make the call

- The speakers also pledged to ensure that all resources made available from debt relief are transparently used

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The speaker of the Nigerian House of Representatives, Honourable Femi Gbajabiamila and other presiding officers of the African legislatures have commenced battle for debt cancellation to African countries as a result of the ravaging coronavirus pandemic.

The speakers in a virtual meeting on Monday, October 12, took an "Accountability Pledge" making a firm commitment to advocate for debt cancellation and to ensure that all resources made available from debt relief are transparently used & accounted for.

Those present at the virtual conference include Hon. Tagesse Chafo, Speaker, House of Peoples, Ethiopia; Hon. Aaron Mike Oquaye, speaker of Parliament, Republic of Ghana; Hon. Justin Bedan Muturi, speaker.

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Gbajabiamila, other African speakers kick-off battle for debt cancellation

Nigeria's Femi Gbajabiamila joined his African counterparts to make the call for debt cancellation for African countries.
Source: Twitter

Others are National Assembly, Kenya; Hon. Justin Muturi, Speaker, Chamber of Deputies, Rwanda, president, National Assembly, Republic of Senegal; Hon. Moustapha Niasse and Hon. Thandi Modise, Speaker, National Assembly, South Africa.

Despite this, the Nigerian government said the country's economy would recover from the effect of the pandemic in the first quarter of 2021.

The minister of finance, Zainab Ahmed, gave the projection when board members of the Federal Inland Revenue Service (FIRS) paid her a courtesy visit in Abuja.

Legit.ng gathered that there were projections that the economy would slip into its worst recession in 30 years and the second in five years after the 2016 recession.

Ahmed said the prediction is based on the minimal impact of the coronavirus pandemic, urging the FIRS to do more in revenue generation in order to service government debt and implement other government activities.

Meanwhile, Legit.ng reports that following the allegation of being a rubber stamp to the executive, the chairman of the National Assembly (NASS), Ahmad Lawan, said he accepted the label if it would guarantee good governance for Nigerians.

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The Nation reports that Lawan stated this Monday, October 6, at the two-day joint executive-legislative retreat with the theme: “Promoting effective, legislative partnership and finding a middle ground,” held at the Presidential Villa, Abuja.

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Source: Legit

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