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Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

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Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

By: Michael Mike

The only way for Africa to be freed from the shackles of debt and get its development back on track is if assisted by developed countries, private financial institutions and international multilateral financial institutions.

This was this submission of an international online seminar with the theme “Africa’s Debt Situation and China’s Responses”, organised by the Shanghai Institute of International Studies (SIIS).

The seminar held at the weekend had in attendance experts and professionals from international organisations, enterprises, Chinese and foreign think tanks and representatives from universities, where they discussed in depth two major topics, assessing the debt situation in Africa, and China’s role in the African debt issue.

take stronger actions in providing financial support to developing countries and alleviating their debt

The seminar aimed to deepen the understanding of African debt crisis, and explore how China and the African community can deepen their cooperation with Africa. At the same time, the seminar called on all parties to coordinate and cooperate on this problem, especially the developed countries, private financial institutions and international multilateral financial institutions, and together they should take stronger actions in providing financial support to developing countries and alleviating their debt through actions by all parties can the world help Africa and the global economy to achieve inclusive and sustainable development.

Four guests from different countries and fields provided in-depth analysis on the topics. Professor Deborah Brotigam, Director of the China-Africa Studies Initiative Program at Johns Hopkins University, shared her research results and made constructive suggestions on China’s loans to Africa, the proportion of Africa’s external debt, China’s debt treatment for Africa, and China’s participation in G20 debt treatment. 

Gregory Smith, emerging markets fund manager from M&G Investments analyzed the overall debt situation of African countries, deeply analyzed the manifestation and root causes of debt problems of African countries from the perspective of sovereign bonds and private creditors, and pointed out the importance of coordinated participation of different creditors. 

Wang Luo, Director of China Academy of International Trade and Economic Cooperation, provided a new perspective on China’s participation in African development and support for African countries to deal with debt challenges from the perspective of “debt to development”. 

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Rui Wanjie, Founder and CEO of Rui Naxin Consulting, commented on the experience of dealing with debt crises in African countries in the 1990s and on China-Africa development cooperation, especially emphasizing the importance of quality cooperation and sustainable financing between China and Africa.

Chen Dongxiao, President of Shanghai Institutes for International Studies (SIIS), delivered the opening speech, while senior fellow Zhou Yuyuan from the Center for West Asian and African Studies and senior fellow Ye Yu from the Center of World Economy presided over the conference. Giles, head of the African-Chinese Chamber of Commerce, gave the concluding remarks. 

Chen Dongxiao pointed out that although African economies in general showed signs of steady recovery, the debt problem remained serious. The international community has provided positive support to African countries through many agendas and initiatives, and how to enhance the effectiveness of debt response and global governance is still an important issue. 

He insisted that China is a staunch partner of Africa in terms of mutual development and has been playing an active role in addressing Africa’s debt problems..

The session concluded with a response from senior fellow Zhou Yuyuan of the Center for West Asian and African Studies of the Shanghai Institutes for International Studies from the perspective of China’s contribution to Africa’s development cooperation, arguing that debt relief for Africa requires all relevant parties to balance to the relationship between short-term emergency relief and long-term debt governance. 

The conference was open to the public and was attended by about 150 people from different countries.

Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

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FG Declares Public Holiday on June 12 to Mark Democracy Day

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FG Declares Public Holiday on June 12 to Mark Democracy Day

By: Michael Mike

The Federal Government has declared Thursday, 12th June, 2025 as Public Holiday to commemorate this year’s democracy day celebration.

The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government in a statement signed by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani, congratulated Nigerians on this occasion of 26 years of an uninterrupted civil rule.

He said: “June 12 represents our historic journey to building a nation where truth and justice reign and peace is sustained and our future assured.

“The last 26 years tells the story of our resilience, strength and courage and a hope Renewed than ever.”

The Minister while noting that Democracy is sustained with open doors for further improvement, reiterated the commitment of the Renewed Hope government of President Bola Ahmed Tinubu (GCFR) to the universal value of democracy that is based on freely-expressed will of the people in determining Nigeria’s political, economic, social and cultural systems.

FG Declares Public Holiday on June 12 to Mark Democracy Day

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Chieftaincy dispute causes chaos in Muye village in Niger

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Chieftaincy dispute causes chaos in Muye village in Niger

By: Zagazola Makama

A renewed chieftaincy tussle in Muye village, Lapai Local Government Area of Niger State, has sparked violent confrontations between rival supporters, prompting swift intervention by security operatives.

Zagazola Makama gathered that the crisis began around 6:20 p.m. on Thursday when the deposed village head, Alhaji Mohammed Abdulkadir Maigari II, forcefully returned to Muye and broke into the palace.

The incident provoked tension among residents, especially after supporters of the current Dakachi confronted the deposed monarch. The situation was immediately brought under control by a team of security personnel from Lapai.

However, Zagazola learnt that the situation escalated on Friday morning when supporters of both camps clashed again, leading to a free-for-all fight that disrupted public peace in the community.

Security sources were swiftly deployed to Muye to restore normalcy.

“The combined security teams have brought the situation under control. Monitoring and surveillance operations are ongoing to prevent further breakdown of law and order,” the source said.

No casualties or arrests have been officially confirmed as of the time of filing this report.

Chieftaincy dispute causes chaos in Muye village in Niger

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Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

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Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony

By: Michael Mike

Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress.

The advice was given by the Director General of the Institute for Peace and Conflict Resolution (IPCR), Dr. Joseph Ochogwu, in his message on Eid-el-Kabir.

The Institute, while extending warm greetings to Nigerians, wished them a joyous and peaceful celebration, marked by love, compassion, and unity.

The Institute while noting that Sallah is a significant occasion in the Islamic calendar, symbolizing the values of sacrifice, gratitude, and community, emphasized that the spirit of Sallah should guide Nigerians in their interactions with one another, fostering a culture of peace, tolerance, and understanding.

The IPCR urged Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress, while
encouraging individuals to embrace the values of Sallah, including forgiveness, empathy, and kindness, in their daily lives.

According to IPCR, peace is critical to promoting national stability and cohesion.

The Institute also urged Nigerians to use this period of Sallah celebration to address conflicts and promote dialogue, which could help to build trust and understanding among Nigerians and also contribute to a more peaceful society.

It recognized that the country’s many ethnic and religious groups can work together to build a more harmonious society, celebrating their differences and promoting a culture of tolerance.
End

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