Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021. David Malpass, World Bank president, made the announcement at the virtual spring meeting, on Wednesday. TheCable had earlier reported that the G-20 countries will meet this week to consider an extension of the debt freeze. The G-20, is a group of finance ministers and central bank governors from 19 of the world’s largest economies, including those of many developing nations, along with the European Union. G-20 countries had established a debt service suspension initiative (DSSI) which took effect in May 2020. Nigeria had benefited from the initiative which delivered about $5 billion in relief to more than 40 eligible countries. The suspension period which was or...
President Muhammadu Buhari has travelled to Daura, Katsina State, his home town, to participate in the national membership registration and revalidation exercise of the All Progressives Congress (APC). The president left Abuja after performing the weekly Juma’at prayer at the Aso Rock Mosque, newsmen report. Before his departure, the president met with governor Simon Lalong of Plateau, who later informed State House correspondents that he was in villa to brief President Buhari on issues pertaining security, New Nigeria Newspapers and the Jos Main Market. While in Daura, Mr. Buhari would on Saturday at Sarkin Yara Ward, Daura, participate in the APC’s nationwide membership registration and revalidation exercise at about 12.00 noon. Prof. Ussifu Medaner, APC Director of Organisation had on T...