Buhari seeks duty-free market for least developed countries | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products originating from the world’s least-developed countries to ensure their integration in regional and global value chains.

President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products originating from the world's 46 least-developed countries to ensure their integration in regional and global value chains.

“Eight years on, the possibility of achieving the SDGs remains bleak for many countries, particularly, the Least Developed Countries. The difficulties in achieving the SDGs are numerous and were further compounded by the COVID-19 pandemic, the continued threat of Climate Change, and recently the Russia-Ukraine conflict.

He listed some measures that will help LDCs recover from COVID-19, achieve SDGs, develop and prosper over the long term. He aligned with the United Nations Secretary-General’s description on the global financial system as an “unfair debt architecture that not only charges poor countries much more money to borrow on the market than advanced economies, but downgrades them when they even think of restructuring their debt or applying for debt relief.”

On climate change, President Buhari said that LDCs continue to suffer disproportionately despite contributing least to its causes. He added that countries must prioritize cutting global emissions and work with determination to hold warming to 1.5 degrees, thereby securing the children’s future.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You sure say na Buhari talk this one abi na Osinbajo🙄

I thought they had already rigged an election… why is he still sitting in that chair?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines