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Africa’s Speakers seeking debt cancellation, says…

Gbajabiamila

The Speaker of the House of Representatives, Gbajabiamila, has said that the Conference of and of African Parliaments (CoSAP) is out to for cancellation of all debts by African nations.

Gbajabiamila, who during the ongoing first CoSAP in Abuja, , said this would help the countries as they would have no outstanding debts against them.

“We want to our buttons to read from zero. That is the position, and I appeal that we all support this push,” he stated.

Gbajabiamila was to discussions on the first plenary topic of the day, “ Africa’s pandemic Response: Legislative Imperatives and Interventions”, anchored by the Country Representative in Federal Republic of Nigeria, Health Organisation, Dr Walter Kazadi Mulombo.

The session was chaired by the Speaker of the of South Africa, Rt. . Nosiviwe Mapisa-Nqakula.

Participants in the session, Gbajabiamila’s position, on the need for parliaments to step up their in tracking how the Executive the loans taken on behalf of countries, which ended as burdens or traps.

Some noted that in countries that secured debt reliefs, the parliaments must interrogate how the money returned to them was spent.

They pointed out that the creditor-nations, in considering the for debt cancellation or relief, would look in several factors, including accounting for how the loans were utilised and the compliance of countries to agreements signed in the inception of the requests.

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