President Muhammadu Buhari Tuesday in Paris, France, called on European countries and global financial institutions to consider reducing devastating effect of the Coronavirus pandemic on African economies by restructuring debt portfolios, opting for complete reliefs, and releasing vaccines to the continent, which is still behind in protecting majority of its citizens.
The President, who spoke at the Financing Africa Summit held at Grande Palais Ephemere with the theme: “External Financing and debt Treatment”, said the fall in commodity prices as Covid-19 took a toll on the global economy further slowed growth in some countries and strained health facilities.
“It is in this vein that we solicit the support of the French government with its influence in the European Union to lend its voice to the efforts being made to mobilize additional resources for developing economies most especially Africa in order to strengthen the quantum of investments to our economies. This financial support should also be extended to the private sector,” he said.