Ambassador Yusuf Tuggar, Nigeria’s Foreign Minister, highlighted Nigeria’s significant contribution to global tax reform at the G20 Leaders Summit in Brazil. He expressed concerns about the inequities of the global tax system, which favors developed nations while neglecting developing countries. Nigeria’s commitment to alleviating hunger and poverty through international collaboration was underscored, as was its growing influence within the G20 framework. The partnership with Brazil in agriculture and efforts to streamline direct air travel were also notable points of discussion.
Ambassador Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, asserted that the nation is at the forefront of global tax reform efforts as highlighted during the recent G20 Leaders Summit held in Rio de Janeiro, Brazil. He noted that Nigeria introduced a tax reform resolution on behalf of African countries, which has since gained recognition at the United Nations. Tuggar expressed concern over the inequities in the global tax system, stating that it benefits developed nations while failing to tax corporate giants profiting from developing countries.
The Minister emphasized Nigeria’s commitment to addressing global issues such as hunger and poverty, as outlined in the Global Alliance Against Hunger and Poverty initiative. He indicated that Nigeria’s increased participation in G20 summits reflects its growing influence, with invitations to showcase its reforms and initiatives at various international platforms. Furthermore, he highlighted the positive reception of President Bola Tinubu’s contributions at the G20, including praise from the International Monetary Fund’s Managing Director for the Tinubu administration’s reforms.
Tuggar explained that Nigeria is aiming to solidify its place within the G20 framework, which requires consensus and gradual formalization of membership. He accentuated the need for G20 leadership to focus on developing nations, particularly underlining the plight of sub-Saharan Africa, which faces significant challenges concerning poverty and hunger. Asserting Nigeria’s prominent voice in Africa, he cited the nation’s historical support for fellow developing countries and a commitment to collaborative initiatives.
He also mentioned the collaboration between Nigeria and Brazil in agriculture, aimed at enhancing agricultural productivity through improved seed technology. With a bilateral air service agreement under discussion, Nigeria seeks to eliminate unnecessary transit times when traveling to Brazil. Additionally, an MOU for a significant ethanol agreement was highlighted, showcasing Nigeria’s commitment to sustainable practices such as carbon credit generation through sugarcane cultivation in partnership with Brazilian firms.
The discussion centers on Nigeria’s leadership role in advocating for equitable global taxation during high-profile international summits, particularly highlighting the implications of existing tax structures that disproportionately favor developed countries. The Minister’s remarks reflect an ongoing commitment to reformation that not only seeks to benefit Nigeria but also aims to uplift other developing nations within the Global South. This engagement is indicative of Nigeria’s broader foreign policy goals focused on collaboration and sustainable development initiatives in the wake of pressing global challenges such as poverty and hunger.
In conclusion, Nigeria’s proactive stance on global tax reform exemplifies its aspiration to reshape the international economic landscape in favor of developing nations. Through participation in G20 discussions and collaborative agreements, the Tinubu administration underscores its commitment to addressing critical issues like hunger and agricultural productivity. As Nigeria continues to assert its voice in global affairs, it endeavors to pave the way for enhanced cooperation with other nations, thereby reinforcing its role as a leader within Africa and among the Global South.
Original Source: nannews.ng
