FG: Cur­rent eco­nomic, po­lit­i­cal en­vi­ron­ment un­favourable

Daily Trust - - NEWS -

Pres­i­dent Muham­madu Buhari says the cur­rent global eco­nomic and po­lit­i­cal en­vi­ron­ment is far from be­ing favourable, par­tic­u­larly to de­vel­op­ing coun­tries.

Buhari stated this yes­ter­day in New Delhi, In­dia, while ad­dress­ing the ple­nary ses­sion of the 3rd sum­mit of the In­dia-Africa Fo­rum at­tended by In­dian Prime Min­is­ter Naren­dra Modi and African Heads of State and Gov­ern­ment.

The pres­i­dent said: “The cur­rent in­ter­na­tional eco­nomic and po­lit­i­cal en­vi­ron­ment is far from be­ing favourable, par­tic­u­larly for de­vel­op­ing coun­tries. Fresh po­lit­i­cal con­flicts have erupted, ac­cen­tu­ated by ter­ror­ism and ex­trem­ism in the most aw­ful forms.

“Trans-bor­der crimes, il­le­gal arms trade, ir­reg­u­lar mi­gra­tion and cy­ber­crimes have all added to the new global threats that de­mand our col­lec­tive ac­tion. Fur­ther­more, the world is fac­ing the chal­lenge of cli­mate change in which Africa re­mains badly af­fected with se­vere threats to food se­cu­rity and so­cial sta­bil­ity.”

Pres­i­dent Buhari said In­dia and Africa must recog­nise that they lived in­ter-con­nected lives in a frag­ile planet and de­velop a new spirit of sol­i­dar­ity, co­op­er­a­tion and part­ner­ship to con­front th­ese emerg­ing threats.

“We must recog­nise that, in this glob­alised age, we all live in­ter-con­nected lives in a frag­ile planet. We must there­fore work to­gether to up­lift the lives of our peo­ple in a man­ner that pre­serves the sus­tain­abil­ity of our liv­ing en­vi­ron­ment. Th­ese chal­lenges call for a re­newed sense of ur­gency among African coun­tries for eco­nomic de­vel­op­ment. It is an open se­cret that Africa pos­sesses all the pre­req­ui­sites to be­come a ma­jor growth re­gion of the world,” he said.

Ac­cord­ing to him, al­though African na­tions have a num­ber of part­ner­ship ar­range­ments with other coun­tries of the world, the In­dia-Africa Fo­rum prom­ises to be dif­fer­ent “as it is not only a part­ner­ship be­tween friends, but be­tween coun­tries and peo­ples who have had sim­i­lar his­tor­i­cal ex­pe­ri­ences of colo­nial rule.”

He said the im­mense po­ten­tial of the fo­rum was al­ready ev­i­dent in the grow­ing vol­ume and im­proved terms of trade be­tween Africa and In­dia as well as the in­creas­ing pres­ence of sev­eral In­dian en­ter­prises in Africa.

Buhari also stated that Nige­ria and other African coun­tries must work harder to achieve greater po­lit­i­cal sta­bil­ity and se­cu­rity be­fore they could en­joy the full ben­e­fits of part­ner­ship ar­range­ments such as the In­dia-Africa Fo­rum.

The pres­i­dent ex­pressed op­ti­mism that the In­di­aAfrica Fo­rum would deepen, in prac­ti­cal terms, the SouthSouth co­op­er­a­tion that coun­tries of the South had de­sired for so long.

Pres­i­dent Muham­madu Buhari ad­dresses other pres­i­dents, Heads of State and lead­ers of del­e­ga­tions, at the 3rd In­dia-Africa Fo­rum Sum­mit in New Delhi, In­dia yes­ter­day.

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