President Muhammadu Buhari has called on world leaders to consider debt forgiveness given the present economic realities facing Nigeria.
Buhari, speaking at the 77th session of the United Nations General Assembly on Wednesday, stressed that developing countries were facing numerous challenges, including being able to service external debts.
He asked the world leaders to address what he described as the burden of unsustainable external debts.
“Nigeria, therefore, implores our global partners to do more to complement our endeavours. Indeed the multi-faceted challenges facing most developing countries have placed the ability to address their fiscal place,” he said.
“This equally calls for the need to address the burden of unsustainable external debts by a global commitment to the expansion and extension of the debt service suspension initiative to countries facing fiscal and liquidity challenges as well as outright cancellation for countries facing the most severe…