World leaders, including Olusegun Obasanjo, former president of Nigeria and Ngozi Okonjo-Iweala, former managing director of the World Bank, have asked the G-20 countries for a $44 billion debt relief for African countries to tackle the novel coronavirus.

The duo joined over 100 world leaders in demanding “immediate internationally coordinated action–within the next few days–to address our deepening global health and economic crisis from COVID-19″.

In a letter address to the G20 nations, the leaders said the 2008 to 2010 economic crisis is less complicated than the current pandemic seen across the world.

I”n 2008-2010, the immediate economic crisis could be surmounted when the economic fault line—under-capitalization of the global banking system—was tackled,” the letter read.

“Now, however, the economic emergency will not be resolved until the health emergency is effectively addressed: the health emergency will not end simply by conquering the disease in one country alone, but by ensuring recovery from COVID-19 in all countries.”

The also asked the international community to “waive this year’s poorer countries’ debt repayments, including $44 billion due from Africa, and consider future debt relief to allow poor countries the fiscal space to tackle the health and economic impact of the COVID-19 pandemic”.

“We ask the G20 to task the IMF and the World Bank to further assess the debt sustainability of affected countries.”

https://www.thecable.ng/breaking-obasanjo-okonjo-iweala-demand-44bn-debt-relief-for-africa/amp

Lalasticlala, seun

.I thought obj said he didn't believe covid 19 was in Nigeria, but he later gave one of his house as an isolation centre because he later realised the reality when the disease finally landed Ogun state..Hmmm.confusion everywhere.

Olusegun obasanjo and Okonjo-Iweala....... the millions contributed by individuals in Nigerian here,we are still yet to see d impact.....


They should save d MONEY for now after covid 19 thy can give us d money.

One day this woman will lead this country

True leaders.

Individuals are now the one ruling, the president has gone on hiding

ojun50:
Olusegun obasanjo and Okonjo-Iweala....... the millions contributed by individuals in Nigerian here,we are still yet to see d impact.....


They should save d MONEY for now after covid 19 thy can give us d money.

Bro...Its a waiver on repayment, Nobody is giving you money.

richidinho:


One day this woman will lead this country

The south east can't get themselves together, they have a chance for 2023 but they are only good at backstabbing themselves...


.

I listened to Okonjo Iweala's interview on TVC yesterday. Mehn... that woman is well experienced and very intelligent. She can rule this Nigeria and make a very good and successful leader honestly.

The best combo naija ever had

The did it before, they can do it again

I doubt if the world takes any other politician from Nigeria serious except these two

Obasanjo feat Okonjo Iweala, this colabo bad ooo

Someone giving debt relief needs to see better leadership structure, rather than forgiving your debt just to give thieves (politicians) more avenue to loot.

Abouwaza:
I doubt if the world takes any other politician from Nigeria serious except these two

obj is the only leader recognised in africa. Okonjo iweala too is a figure to reckon with

If the relief will still be shared by FG, sorry we don't need it..

Abouwaza:
I doubt if the world takes any other politician from Nigeria serious except these two

I share ur sentiment sir, she is everywhere in the global space representing Africa.

Tpave:
I listened to Okonjo Iweala's interview on TVC yesterday. Mehn... that woman is well experienced and very intelligent. She can rule this Nigeria and make a very good and successful leader honestly.

Nigeria is a complex nation, it takes more than being book smart to rule this country successfully.

Ok oooo

Obasanjo and aunty Ngozi are begging for debt relief for Nigeria when the Buhari - The Commanding Borrower in Thief is still in power?
Na waste of time and energy.
Even if all Nigeria debt is written off today, by end of next week Buhari will be looking for where to borrow.
I have never seen a clueless, useless and brainless President in my life.

fairfora:
World leaders, including Olusegun Obasanjo, former president of Nigeria and Ngozi Okonjo-Iweala, former managing director of the World Bank, have asked the G-20 countries for a $44 billion debt relief for African countries to tackle the novel coronavirus.

The duo joined over 100 world leaders in demanding “immediate internationally coordinated action–within the next few days–to address our deepening global health and economic crisis from COVID-19″.

In a letter address to the G20 nations, the leaders said the 2008 to 2010 economic crisis is less complicated than the current pandemic seen across the world.

I”n 2008-2010, the immediate economic crisis could be surmounted when the economic fault line—under-capitalization of the global banking system—was tackled,” the letter read.

“Now, however, the economic emergency will not be resolved until the health emergency is effectively addressed: the health emergency will not end simply by conquering the disease in one country alone, but by ensuring recovery from COVID-19 in all countries.”

The also asked the international community to “waive this year’s poorer countries’ debt repayments, including $44 billion due from Africa, and consider future debt relief to allow poor countries the fiscal space to tackle the health and economic impact of the COVID-19 pandemic”.

“We ask the G20 to task the IMF and the World Bank to further assess the debt sustainability of affected countries.”

https://www.thecable.ng/breaking-obasanjo-okonjo-iweala-demand-44bn-debt-relief-for-africa/amp

SUPPORTED!!!

SUPPORTED

The good old days of OBJ and NOI
Then I had hope in Nigeria.
Canada was never on my mind.

Now....I cant wait for covid to end so I can vamooze

Ogegeodey:


I share ur sentiment sir, she is everywhere in the global space representing Africa.

Honestly speaking, she's the type we should elect as president but for where no be 9ja again? Lol
Same thing when Gani Fawehnmi contested, we all queued behind fraudsters then ignoring him
Its true, we deserve what we get
Stupid people elect stupid leaders