Africa Needs Equitable Trade Systems, Not Aids – Buhari

Nigeria’s President, Muhammadu Buhari on Friday told a congress of global leaders at the 76th United Nations General Assemy summit in New York City, that what the African continent needs is not aids from the world powers but equitable international trade systems.

Buhari during his speech said while aids solve immediate challenges, the continent can’t build sustainably on it, but will enjoy the benefits of international trade if distributions are equitable enough.

“Nigeria reaffirms that international trade is an engine for development and sustained economic growth, as well as the global eradication of poverty.

“My delegation would like to reaffirm the critical role that a universal, rules-based, open, non-discriminatory and equitable multilateral trading system can play in stimulating economic growth and development. 

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“Fair and equitable trade would eventually eliminate the need for aid. My country and indeed all African countries do not intend to stay indefinitely looking for aid. All we need is a fair and equitable system of international trade.

Despite Africa’s rich resources, it has taken the backseat in international trade, no thanks to the absence of equitable trade patterns on the global scale.

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