Speakers and Heads of African Parliaments have commenced with a campaign for debt cancellation for African countries, in the wake of the devastating impact of the Covid-19 pandemic on African economies.
This followed the official formation and launching of the Conference of Speakers and Heads of African Parliaments CoSAP initiated by the Speaker of the Nigerian House of Representatives, Femi Gbajabiamila along with his African counterparts.
However, the push for debt cancellation came with a pledge to improve oversight regarding loan approvals and ensure judicious and transparent utilisation of loans in their respective countries.
In a statement signed by Special Adviser on Media and Publicity to the Speaker, House of Representatives, Federal Republic of Nigeria, Lanre Lasisi, Gbajabiamila, says this is a forum to deliberate, strategise and collaborate in jointly finding legislative solutions to Africa’s many challenges.
He emphasised the need for advocacy and partnership with all stakeholders at home and abroad to make the vision a reality.