News

Buhari arrives Tokyo As Japan Voice Concern Over African Nations’ Debt Issues at TICAD

80

President Muhammadu Buhari arrived Tokyo on Monday for the  start of the Tokyo International Conference on African Development, TICAD.

 

The seventh session of the conference, held once every three years, will take place from Aug. 28 through 30 with leaders from 54 African countries and international organizations set to attend.

 

Buhari arrives Japan

 

Prime Minister Shinzo Abe, who will co-chair the conference, plans to announce steps to support Japanese firms that want to do business in the region, as well as measures to help African countries with fiscal consolidation, according to reports in Tokyo.

 

China has been criticized for handing out large loans under its Belt and Road infrastructure development initiative to  African countries that are ill-equipped to pay off the debt, often called debt-trap diplomacy.

 

Japan plans to include “concern” over excessive debt in the post-conference declaration, Per Second News gathered, a move aimed at calling out China’s lending practices in the region.

 

The government of Prime Minister Shinzo Abe, wants the post-conference declaration to include references to some African countries being saddled with debt, and touch on the importance of “high quality” infrastructure, a phrase Japan often uses to differentiate its projects from Chinese ones.

 

One such measure would be to send financial experts to debt-ridden countries on multiyear missions to help improve their finances, they said.

 

During the last conference held in Kenya, Prime minister Abe said Japan views Africa as partners and not just a donor.

 

Japan, whose working-age population is rapidly shrinking, also hopes to make it easier for African students to find work in the country after graduating.

 

Japan, one of the largest donors to the UN, has long lobbied for a permanent seat on the Security Council and has urged African countries, among others, over the years to support its position. An important campaign in Africa considering the number of votes (54) African countries hold in the UN.

Leave a comment

Related Articles

Niger’s ousted president is being denied food and electricity, says European Union

The European Union Friday said it had “deep concern” about the treatment...

Just in: Guinea-Bissau President, Embaló, Visits Tinubu In Lagos

The President of Guinea-Bissau, Umaro Sissoco Embaló, on Saturday paid a visit...

Max Air Acquires 16 Year Old Boeing 777-200

Kano based Max Air Limited has taken delivery of its first Boeing...

Fuel Subsidy: Need for Labour to tread softly, Softly 

The Labour Movement in Nigeria is up in arms against the Federal...

Between the dialectics and the benefits of petroleum subsidy removal

By Paul Njowusi For many years, successive administrations in Nigeria had embraced...

Inside Mele Kyari’s Gas Credentials

By Femi Soneye In March 2021 a few months before the Petroleum...

Nigeria, US Military Officers Confer on Techniques for Protecting Civilians

Through these engagements, the U.S. and Nigeria aim to further develop the...

2023: Ex-Zamfara Gov. Yari, Sen. Mafara quit APC, join PDP

Amid intractable crisis in Zamfara APC, two chieftains of the party in...

Controversial ASUU payment platform, UTAS, faces another integrity test — Ngige

  Labour and Employment Minister, Dr Chris Ngige, said on Tuesday that...

Former mayor of Kabul becomes refugee in US after fleeing Taliban

Former Kabul mayor Fazal Karim Aimaq had seen more than his share...

Lagos Govt. releases White Paper on #EndSARS Panel report

  Living up to its billing, the Lagos State Government says it...

Uzodimma says Imo state is safe, calls for prayers

  Governor Hope Uzodimma has reassured Imo indigenes that the state is...

Again, 2 more INEC offices torched in Southeast

The spate of attacks and destruction of the Independent National Electoral Commission...

Reps committee summon Akpabio over alleged corruption, mismanagement and unwarranted meddlesomeness.

    The House Committee on Niger Delta Development Commission (NDDC) Friday...

Nigeria sees highest one-day increase in coronavirus cases since pandemic began

  The number of positive coronavirus cases continued to climb in Nigeria...

Total coronavirus cases in Nigeria exceed 9,000

  The total number of novel coronavirus infection cases reported so far...

16 new COVID-19 deaths, over 270 new cases in Nigeria Tuesday

  COVID-19 related deaths rose by double digits Tuesday, and cases to...

Coronavirus: Nigeria’s Death Toll At 200 As Cases Nationally Pass 6,650

  The Nigeria Center for Disease Control, NCDC,  said Wednesday night that...