Speakers and Heads of African Parliaments have commenced deliberation on ways by which African countries can get debt relief for the external loans taken by them.
They also resolved to improve oversight over loan approvals and endure judicious utilisation of loans in their respective countries.
The agreement was reached at the official formation and launching of the Conference of Speakers and Heads of African Parliaments, which was initiated by the Speaker of the House of Representatives, Femi Gbajabiamila.
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A statement on Monday by the Speaker’s Special Adviser on Media and Publicity, Lanre Lasisi, said the body was formed to moot the idea due to the shared concern over the socio-economic effect of COVID-19 on African countries.
Members of the group, according to the statement titled, ‘Gbajabiamila, other African speakers take measures for debt cancellation…Nigeria to host maiden CoSAP confab in 2021,’ include Tagesse Chafo, Speaker, House of Peoples, Ethiopia; Aaron Oquaye, Speaker of Parliament, Republic of Ghana; and Justin Muturi, Speaker, National Assembly, Kenya.
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