Naijacrux News:Welcome to Naijacrux Online Forum..Great Place To Get Tips Facts Updates and More ,Interact Discuss & Learn With Others !!.remember to register to enjoy much more update!!!New Updates From Naijacrux -Naijacrux Is Now Mobile Friendly - Download Our Android App On Our Forum Rules And Announcement Section.Our App Will be Live On Google Playstore And IOS Store Soon Aswell - CLICK HERE TO DOWNLOAD NAIJACRUX ANDROID APP !!! Dear Guest And Naijacrux Dedicated Members,!!! ,  You Can Now Receive Naijacrux Weekly New Post and Updates Via Email by Subscribing To Our Newsletter Using The Subscribe Button Above The Naijacrux Announcement And Discussion At The Top Home Page!!Never Miss A New Post And Updates Again.!Thank You.  !!!YOU ARE WELCOME TO NAIJACRUX INFORMATIVE LEARNING AND INTERACTIVE FORUM.This Website is an Intensive Forum of Learning We recommend you Register & Login to Enjoy much free stuffs ::>>Also remember to Update your Profile Immediately after registration. Thank you!>>>!!!!To All Advertisers And Patronizers, kindly Send Mail To [email protected] For adverts Placement. thanks!!!


Author Topic: China must pay Nigeria, other African countries, ex politician urges  (Read 10227 times)

0 Members and 1 Guest are viewing this topic.

Offline bellanaija

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1951
  • Karma: +0/-0
Advertisement

Oby Ezekwesili, a former Minister of Education, has told China to pay repatriation to African countries over the Coronavirus pandemic.

Ezekwesili, in a post on ‘The Washington Post’, said China must pay for failing to manage COVID-19, which had severely injured Africa’s development prospects and worsened the conditions of the poor.

She noted that the best solution is for China to accord damages and liability compensation to Africa, adding that Africa should not suffer more because another powerful country failed to act responsibly.

According to her, “Africa’s economic gains since the last global crisis have been eroded.

“It is time to make offending rich countries pay the poor ones a global risk burden tax for delaying their rise out of poverty.

“China should immediately announce a complete write-off of the more than $140 billion that its government, banks, and contractors extended to countries in Africa between 2000 and 2017.

“This would provide partial compensation to African countries for the impact of coronavirus on economies in Africa.

Ezekwesili, who was the former vice president for the Africa region at the World Bank and stressed that now is the time for rich and powerful countries to change approach in handling global crisis which leaves the poor worse off due to its failures

“The economic shock caused by the Coronavirus has hindered the opportunity Africa had to lift hundreds of millions out of poverty. The African Union Commission estimates that Africa’s gross domestic product will shrink by as much as 4.5 percent, resulting in 20 million job losses.

“This has dangerously hampered the possibility that Africa can generate jobs for young people and women, or reducing the number of out-of-school children with access to quality learning opportunities.

“Economies in Asia, Europe have announced hefty emergency stimulus packages for their people and businesses, countries while most of African countries struggle to meet short-term food needs.

“China should demonstrate world leadership by acknowledging its failure to be transparent on COVID-19.

“ China and the rest of the Group of 20 countries should engage with the Africa Union and countries to design a reparations’ mechanism.

“It is time for rich economies to show that our world is capable of doing right by the poor and vulnerable. China must pay,” Ezekwesili added.