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Nigeria ready to play vital role in G20– Tinubu

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Bola Tinubu

President Bola Tinubu has expressed Nigeria’s readiness to play a major role within the G-20 and contribute to shaping a more equitable world.

This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Saturday in Abuja.

Addressing world leaders at the 18th G-20 Leaders’ Summit in New Delhi, India, Tinubu called for global unity and cooperation in tackling pressing challenges, fostering inclusiveness, and establishing a fairer world order.

He acknowledged the vital role of the G-20 in shaping a rules-based world order that promotes shared prosperity and security.

The president also emphasized: “Most of today’s pressing issues are international in character and cannot be addressed without multilateral cooperation.

“Therefore, stronger collaboration, cooperation, and partnership among diverse regions are the pathways to a peaceful, prosperous, and sustainable future for our world.

“This is why the role and contributions of the G-20 in shaping a new world order that is fair and rules-based cannot be over-emphasized.

“A world that lives as one family, but is divided by staggering income inequalities and uneven access to basic social goods by the vast majority of our people cannot result in a peaceful and secure world where shared prosperity is achieved.

“I hasten to add that such rules and global governance structures of our collective dreams must be collectively designed, collectively owned, and collectively managed.”

According to the president, this is consistent with the true spirit of one Family, mutual respect, and sustainable development.

Tinubu said: “Nigeria is poised, able and willing to be a major player in this family of the G-20 and in shaping a new world, without whom, the family will remain incomplete.”

The Nigerian leader congratulated India for hosting the historic summit and for successfully landing on the moon under the visionary leadership of Prime Minister Narendra Modi.

He described the achievement as an inspiration to all developing countries of the Global South.

On the issue of African Union (AU) inclusion in the G-20, Tinubu welcomed the decision, saying, “it opens opportunities for future membership of the group in a manner that reflects the relative balance of power and inclusiveness of humanity as One Family.”

Reflecting on the theme of the Summit: ‘One Earth. One Family. One Future,’ Tinubu stressed the interconnectedness of global affairs and the need for collaborative efforts.

He underscored the importance of tackling challenges related to technology, energy transition, and access to credit, as well as the growing socio-economic divide between those who have and those who do not.

The president urged greater solidarity among nations, tasking advanced economies to support disadvantaged regions in the Global South and to promote climate justice.

Tinubu also called for the strengthening of international frameworks for resource mobilisation and governance that were based on the principles of justice, equity, and fairness.

In addressing the sub-theme of Session II of the Summit, which is ‘One Family’, Tinubu highlighted the magnitude of challenges facing humanity today.

He said; “The need for us to work together as one family has, therefore, become more imperative.

“We must strive to create a world of inclusiveness in which everyone has access to the basic necessities of life, and in a manner that widens and strengthens the ownership of our planet regardless of one’s economic, social, and political status.”

Tinubu urged the Global North, advanced economies, and multilateral institutions to mobilize resources and direct efforts to where help is needed most in the disadvantaged Global South.

“By doing so, we will be building a society anchored on the strong values of tolerance and mutual respect, where diplomacy, dialogue, and cooperation take precedence over competition, conflict, and divisions, which are based on inflexible ideologies and belief systems,” the president said.

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IMF/World Bank meetings to hold in Marrakech despite devastating Moroccan earthquake

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IMF/World Bank

The managements of the World Bank and International Monetary Fund (IMF), together with Moroccan authorities have agreed to hold their 2023 Annual Meetings in Marrakech despite recent devastating earthquake in the country.

This is contained in a joint statement signed by World Bank President, Ajay Banga; IMF Managing Director, Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance, Nadia Fettah Alaoui.

They however said that the meetings, scheduled between Oct. 9 and Oct. 15, would hold by “adapting the content to the circumstances”.

“Since the devastating earthquake in Morocco on Sept. 8, the World Bank and the IMF staff have worked in close coordination with the Moroccan authorities and a team of experts to thoroughly assess Marrakech’s capacity to host the 2023 Annual Meetings.

“In undertaking this assessment, key considerations were that the meetings would not disrupt vital relief and reconstruction efforts, and that the safety of the participants can be assured.

“Based on a careful review of the findings, the Managements of the World Bank and IMF, together with the Moroccan authorities, have agreed to proceed with holding the 2023 Annual Meetings in Marrakech from October 9 to 15,” they said.

According to them, the meetings would be conducted in a way that does not hamper the relief efforts, and respects the victims and Moroccan people.

“At this very difficult time, we believe that the annual meetings also provide an opportunity for the international community to stand by Morocco and its people, who have once again shown resilience in the face of tragedy.

“We also remain committed to ensuring the safety of all participants,” they said.

The World Bank plays a key role in the global efforts to end extreme poverty and boost shared prosperity.

Working in more than 100 countries, the bank provides financing, advice, and other solutions that enable countries to address the most urgent challenges of development.

The IMF is a global organisation that works to achieve sustainable growth and prosperity for all of its 190 member countries.

It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increasing productivity, job creation, and economic well-being.

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Zelensky among leaders arriving in New York for high-level UN summit

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Volodymyr Zelensky

Ukrainian President Volodymyr Zelensky is among the world leaders descending on New York on Monday as the United Nations prepares to kick off a high-level summit.

The summit is aimed at rescuing its largely ignored Sustainable Development Goals for economic growth.

The UN General Assembly in New York, would formally start on Tuesday and will last a week.

It is set to focus on dusting off its 17 UN Sustainable Development Goals (SDGs) aimed at avoiding poverty, hunger, poor education and poor health care, among other things.

In 2015, the countries of the world set themselves these central goals for global development with the key aim of ending hunger and extreme poverty by 2030.

However, the pandemic, the Ukraine war and a debt crisis in poor countries are among the setbacks that have left the UN well off its target.

According to the UN, if things continue as they are, 575 million people will still be living in great poverty and more than 600 million in hunger in 2030.

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