President Bola Tinubu has urged African leaders to join hands and reduce the level of poverty, hunger and deprivation for this is the only way to sustain democratic governance on the continent.
Tinubu who was meeting with South African President Cyril Ramaphosa on the sidelines of the UN General Assembly in New York, USA to discuss stronger economic and regional ties, said African leaders must not allow international finance institutions to plough the backs African nations any longer.
“You cannot have a stable democracy in the presence of a poverty of knowledge and a starvation of people. ’Democracy without food on the table is a breeding ground for what will consume us if care is not taken,” Tinubu was quoted in a statement made available by presidential spokesperson Ajuri Ngelale.
“During the end of the Second World War, the Marshall Plan was established for the reconstruction and economic restoration of European nations through Bretton Woods institutions. Where has this presence been for Africa? We have to be careful not to replace the broken shackle of yesterday with a new set of shackles.
“We must join hands and agree that International Finance Institutions require reform as Africa is not to be a ground for economic scavenging any longer, but it is a place with gifted people that is ready for investment and cooperation,” Mr Tinubu stated.
The Nigerian president said Africa must have a consensus on billions of dollars spent through international development finance institutions over the years. He said the funds must meet the specific needs of developing democracies in Africa, even if it is done with exclusive regard for
He said this would make more impact on global affairs for the benefit of over one billion Africans with its enormous human and natural resource wealth.
Mr Tinubu told the South African president that “our continent is the last untapped ground for accelerated, massive growth and new economic opportunity on earth.”
The Nigerian president further said, “We must be in charge of our own resources, and we must work to use each other effectively to achieve what is best for all of us, Mr President. We look forward to an era of economically productive relationship.”
