Ambassador Yusuf Tuggar highlights Nigeria’s leadership in advocating for global tax reform during the 19th G20 Summit, emphasizing the need for equitable taxation for developing countries. Nigeria’s commitment to the Global Alliance Against Hunger and Poverty reflects its ongoing efforts in international collaboration. Furthermore, partnerships with Brazil aim to improve agricultural practices and streamline bilateral trade, asserting Nigeria’s role as a significant voice in the Global South.
Ambassador Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, recently highlighted Nigeria’s significant contribution to global tax reform during the 19th G20 Leaders Summit in Rio de Janeiro, Brazil. Representing African nations, Tuggar stated that Nigeria successfully championed a UN tax resolution aimed at addressing inequities in the global taxation system that benefit developed countries at the expense of developing ones. He emphasized that corporate giants from the Global North often exploit resources in the Global South without fulfilling their tax obligations.
Tuggar expressed pride in the recognition Nigeria has received for its advocacy, noting that the international community increasingly echoes the country’s calls for reform. He also mentioned Nigeria’s commitment to the Global Alliance Against Hunger and Poverty, asserting the nation’s active participation in G20 activities. President Tinubu’s recent contributions at the summit were recognized, garnering praise from the International Monetary Fund’s Managing Director, who pledged technical support for Nigeria’s reform initiatives.
Moreover, Tuggar outlined Nigeria’s aspirations for increased engagement within the G20 framework, which he articulated was crucial for developing nations. He noted that Nigeria’s historical support for other countries in the Global South positions it as a leading voice, with credentials dating back to its anti-racist regime efforts and contributions through the Technical Aid Corps since 1987. The government is committed to advancing social programs, including investments in education, health, and food production.
Tuggar also discussed a partnership between Nigeria and Brazil focusing on agricultural advancements, particularly in seed technology to improve yields. He articulated the need for enhanced bilateral air services to streamline travel between the two nations, highlighting logistical inefficiencies that necessitate lengthy detours through Europe. To further strengthen economic ties, an agreement for ethanol production was established, aimed at sustainable agricultural practices and carbon credit generation.
The article discusses Nigeria’s role in advocating for global tax reform, particularly through its participation in the G20 Leaders Summit. The focus on tax reform stems from ongoing discussions about the disparities in international taxation systems, which tend to favor developed nations while disadvantaging developing countries. Nigeria’s efforts showcase its leadership in addressing these issues on behalf of the African continent. The Minister’s remarks also underline Nigeria’s broader commitments to fighting poverty and hunger, along with fostering international agricultural collaborations and streamlining trade pathways with Brazil and other partner nations.
In conclusion, Nigeria’s active participation in global governance, through its advocacy for tax reform and collaboration with international partners, underscores its commitment to addressing systemic inequalities affecting developing nations. The recognition of Nigeria’s efforts at the G20 Summit highlights its potential for leadership within the Global South. Additionally, the planned partnerships in agriculture and air transport further illustrate Nigeria’s dedication to enhancing sustainable development and economic cooperation with other nations.
Original Source: nannews.ng
