Connect with us

News

Gbajabiamila leads African Speakers’ push for debts cancellation

Published

on

Speaker of the House of Representatives Rep. Femi Gbajabiamila on Monday convened a meeting of some African Speakers of Parliaments where it was agreed that there is an urgent need to push for debt cancellation for the continent from their multilateral and bilateral partners.

This is as Gbajabiamila’s initiative to establish the Conference of African Speakers and Heads of Parliament (CoSAP), a body that will facilitate increased collaboration between Speakers, Heads of Parliament and National Assemblies across Africa got a boost.

The African Speakers will also seek to advance the African development agenda within and outside the continent in conjunction with both the executive arms of government as well as African regional institutions.

These emerged following a virtual meeting conveyed by Gbajabiamila on Monday with Hon. Tagesse Chafo, Speaker, House of Peoples Representatives, Ethiopia; Rt. Hon. Prof. Aaron Mike Oquaye, PhD, Speaker of Parliament, Ghana; Hon. Justin Bedan Muturi, Speaker, National Assembly, Republic of Kenya; Rt. Hon. Donatille Mukabalisa, Speaker, Chamber of Deputies, Rwanda; and President Moustapha Niasse, AFP, President, National Assembly, Senegal.

In his opening remarks, Gbajabiamila said there was an urgent need to join local and global efforts to push for the cancellation of the external debt owed by various countries on the continent.

Saying that development across the continent has become stunted due to the heavy burden of the debts, Gbajabiamila noted that the outbreak of the coronavirus (COVID-19) has compounded the issue for the continent, considering the socio-political and economic consequences of the disease.

“We all agree that Africa’s debt burden has become an existential threat to our societies, our economies and the future; we leave to posterity, and we need to do something about this and treat it as a continent-wide priority.

“It is safe to say that the burden of debt servicing, vis-à-vis spending on education and health care for example, is a threat to our continent’s stability and development, especially in the era of Covid-19.

“When we find ourselves having to make policy choices between paying debts or saving lives, we know something is not morally right. And as democratically elected representatives of our people, we cannot be silent. We must speak up and we must act. And the time to act is now.

“Furthermore, is the need for us to reflect on, the processes that led to Africa’s heavy indebtedness in the first place, the role parliamentarians can play to address this going forward and what assurances we as parliamentarians can give our borrowers that if our debt is cancelled, the freed-up resources will be invested in social and economic development of our citizens.

“If we want debt cancellation, we must be able to build the confidence of the borrowers that the cancellation will indeed save lives and livelihoods across the continent, and we, as Speakers and Heads of our parliaments, will ensure that is indeed the case”.

On the need for the establishment of the Pan-African Speaker’s Conference, Gbajabiamila noted that collective efforts at tackling challenges facing the continent have become expedient.

He said: “The motive behind this initiative is that each year we identify a theme, issue, or challenge that is pan-African in scope and we meet to deliberate on how we can work together across parliaments in Africa to tackle these continental issues and challenges.

“As heads of our respective parliamentary entities, it will also be a good platform to share experiences and expertise in different aspects of our legislative duties pertinent to the growth, development and sustenance of our economies and our societies; and on ways to enhance the capacity and impact of our parliaments on our democracies and the lives of the peoples we all represent.

“We have spent decades learning from the rest of the world, now we must begin to learn from one another”.

Throwing his weight behind the two initiatives, Hon. Tagesse Chafo, Speaker, House of Peoples Representatives, Ethiopia, noted that though almost every government on the continent has been trying to seek debt forgiveness, this should not, however, stop the parliaments from contributing to the efforts through a platform such as this.

“As representatives of our people, we are to come together, advise and campaign about the issue, we don’t have to keep quiet because debt cancellation would be good for the resuscitation of our economies that have been ravaged by the COVID-19 pandemic,” he added.

In the same vein, Rt. Hon. Prof. Aaron Mike Oquaye, Speaker of Parliament, Ghana noted that the debt burden is essentially a common challenge on the continent, as most African countries have to depend on foreign loans to execute their national budgets.

He, however, noted that the Speaker’s group, in its efforts to push for debt cancellation must be able to convince the creditors about accountability if they hope to succeed.

He said: “Donor agencies are interested in accountability because they are confounded about the issue of corruption, and we must be able to give the assurance and that is why the Speakers Conference is critical. And if nothing is done, there may be no economy to service the loans”

Hon. Justin Bedan Muturi, Speaker, National Assembly, Republic of Kenya also emphasised the need for the initiative, adding that, the coronavirus pandemic has undermined most African economies because conditions attached to most of the loans have been eroded by the consequences of the novel pandemic.

On her part, Rt. Hon. Donatille Mukabalisa, Speaker, Chamber of Deputies, Rwanda, while noting that African countries depend on and heavily burdened by loans even before the pandemic, however, added that the group must be clear about the kind of debt it is seeking to address and from which partners.

While President Moustapha Niasse, AFP, President, National Assembly, Senegal also regretted that the pandemic has affected all economies on the continent negatively, he, however, suggested that opinions of members of the forum must be sought on how to solve the issues between suspension or cancellation of debt
“We must be convinced that we have a job to do at the level of parliament,” he added.

It was also agreed that a Communique would be released in the first week of September 2020, while the campaign for implementations of the plan of action would begin in the second week of September 2020 as well.

According to the forum, the third week of September would be devoted to the planning for the 2021 conference by the Secretariat.

While it was decided that Nigeria would host the maiden edition of CoSAP chaired by Nigerian Speaker the Rt. Hon Femi Gbajabiamila, the new body is expected to meet again in the first week of September to approve the plans and swing into action.

News

Shehu Sani debunks Governor Uba Sani’s alleged diversion of LG funds, challenges El-Rufai to publicly tender evidence

Published

on

Civil Rights Activist and former Senator representing Kaduna Central Senatorial District, Shehu Sani has debunked the former Governor, Malamn Nasir El-Rufai’s allegation that Governor Uba Sani has diverted the Local Government Councils allocation to buy properties abroad.

Shehu Sani said El-Rufai’s allegation is “falsely crafted to smear the name of of the Governor because of the N420 billion investigation hanging on him like the sword of damocles.”

Reacting to the allegation on Monday, Shehu Sani challenged the former Governor to release proofs of purchases of properties in South Africa, Seychelles and London by Uba Sani publicly.

He said, Kaduna people would not forget in a hurry how Nasir El-Rufai plundered the State in eight years as Governor of the State, stressing that he should stop pushing falsehood into the public space.

He said: “As Kaduna indigenes, we are all living witnesses to how El-Rufai plundered the State and now investigation has indicted him and he should face it rather than pushing falsehood into the public domain.

El-Rufai should be bold enough to show proofs linking governor Uba Sani in the purchase of properties in South Africa, Seychelles and London, then we will take him serious.

“But he should be ready answer for the whereabouts of N420 billion because that money is substantial enough to develop Kaduna State to an extent”, Shehu Sani maintained.

Continue Reading

News

Bill to establish National Cashew Production and Research Institute in Kogi passes first reading in Senate

Published

on

Senator representing Kogi East Senatorial District, Jibrin Isah Echocho

The Nigerian Senate has passed for first reading a Bill to establish the National Cashew Production and Research Institute to be sited at Idah in Kogi East Senatorial District after it was laid on Wednesday last week.

The Bill which was sponsored by Senator Jibrin Isah Echocho representing Kogi East Senatorial District said,nthe propsed research institute will be situated at Idah, headquarters of Igala kingdom and the institute will be charged with the responsibilities of cashew research, processing and boosting production for local and export consumption.

According to the documents of the proposed bill made available on Monday, it pointed out that the Federal Government could leverage on the abundant cashew production in Kogi East and by extension Kogi State and other parts of the country to ensure that the quality of cashew is processed in line with the global standards, notwithstanding that the current quality of cashew from Kogi State is sought all over the world.

He said the legal framework of the Research Institute will identify the value chain and processing, ensuring that at each level, there is job creation for the teaming youths and not just for the raw nuts to be exported, stating that the current handling of cashew nuts was unacceptable as it tended to bypass the needed revenue that would been generated into government coffers.

Senator Isah said: “This will not only improve the quality of cashew products but also provide support to farmers and cashew business owners in Kogi State, particularly in Kogi East, which is known for its high cashew production.

“The institute will also attract investment, create jobs, and ensure better pricing for cashew farmers, thereby strengthening the local economy in Kogi East, Kogi State and Nigeria at large.”

DAILY POST recalled that a fortnight ago, Kogi State government was urged by the State House of Assembly to safeguard cashew and other economic trees in the State by putting in place stringent measures against abuse.

The regulatory measures which the State parliament said will be put in place, urged the State government to enforce the laws with serious sanction for any erring persons and to also stop foreigners from accessing cashew farms in the State.

The resolution was the outcome of a motion sponsored by Hon. Oluwaseyi Bello representing Kabba Bunu State Constituency in the House of Assembly, adding that the State Ministry of Agriculture should properly monitor and regulate the activities of exploitative foreign businessmen in the interest of revenue for the State and security of the people.

Kogi continues to be the leading State in cashew production in Nigeria which the State government attributed to robust and sound agricultural policies.

The State Commissioner for Information and Communications, Kingsley Fanwo once said: “Kogi State is the biggest producer of cashew in Nigeria because of our sound agricultural policies geared towards empowering farmers with improved seedlings, mechanization, agrochemicals as well as creating an enabling environment for the private sector to invest in cashew production.”

Continue Reading

News

Report of attack on Wike’s Port Harcourt residence false, misleading – Police

Published

on

Nyesom Wike

The Rivers State Police Command has described reports on several news outlets that hoodlums have attacked the Port Harcourt residence of Nyesom Wike as false and misleading.

The police said nothing close to attack ever took place on Sunday on the residence of Wike who is currently the Minister of the Federal Capital Territory as mischievously reported in sections of the media.

On Sunday night, several online media platforms alleged that Wike’s residence was under siege and had been torched by unidentified individuals.

Reacting in a statement on Monday, the Police Public Relations Officer, SP Grace Iringe-Koko, described the reports as false and misleading, stating the the report was a connivance between some elements and the media to cause unrest and further create panic.

The statement read: “The attention of the Rivers State Police Command has been drawn to a misleading and malicious report circulating on various online media platforms, falsely claiming that riots have erupted in Rivers State, leading to the burning of the residence of the former Governor and current Minister of the Federal Capital Territory (FCT), Nyesom Wike, along with other acts of violence.”

She further stated that the state remains peaceful, and there has been no such attack on Wike’s residence or any other major security breach.

“The Command categorically states that this report is entirely false, baseless, and a deliberate attempt by mischief makers to incite unrest and spread fear among law-abiding residents. There is no record of any such incident, and normalcy prevails across the state,” she said.

The police spokesperson warned against spreading misinformation, emphasizing that those found guilty of fabricating such reports would face legal consequences.

According to the spokesperson, “The Police Command sternly warns those responsible for spreading such incendiary falsehoods to desist from engaging in activities capable of inciting public disorder. The full weight of the law will be brought to bear on individuals or groups found guilty of spreading misinformation or attempting to disrupt the peace in any form.”

She reassured residents of the police command’s commitment to maintaining security in Rivers State and urged the public to rely only on credible sources for information while reporting any suspicious activities to law enforcement agencies.

Continue Reading

Trending


Address: 1st Floor, Nwakpabi Plaza, Suite 110, Waziri Ibrahim Crescent, Apo, Abuja
Tel: +234 7036084449; +234 7012711701
Email: capitalpost20@gmail.com | info@capitalpost.ng
Copyright © 2025 Capital Post