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[INTERNATIONAL] · Nigeria, United States · 25 sources

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Nigeria demands permanent UN Security Council seats for Africa

Representing President Bola Ahmed Tinubu at the 81st United Nations General Assembly in New York, Vice President Kashim Shettima has called for significant reforms to global institutions. A primary demand is the reconstitution of the UN Security Council to include at least two permanent seats for Africa, equipped with veto powers, alongside five non-permanent seats. Shettima argued that the current power structure, established in 1945, no longer reflects contemporary geopolitical realities.

On the economic front, Shettima addressed the Nigerian diaspora, urging them to invest in the nation's economic renewal. He highlighted recent progress, including foreign reserves expanding to over 55 billion dollars and a 4.45 percent economic growth rate in the last quarter. He also noted that the Nigeria Education Loan Fund has disbursed 125 billion naira to over 1.29 million students.

Additionally, the Vice President raised concerns regarding international debt servicing, stating that high costs are hindering developing nations from investing in critical sectors like healthcare and education. He advocated for reforms in the international financial architecture to improve access to concessional financing and sustainable development resources.

Entities

African Union · Antonio Guterres · Bola Ahmed Tinubu · Kashim Shettima · Nigeria · United Nations

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