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Buhari lauds Tukur for role in Nigeria’s 2005 debt cancellation

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Alhaji Bamanga Tukur

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President Muhammadu Buhari has said elder statesman, Alhaji Bamanga Tukur, deserves more credit for his role in Nigeria’s debt cancellation in year 2005.

Buhari said this at the public presentation of a book titled, ‘Legacies of a Legend,’  in honour of Tukur, as part of events marking his 86th birthday, in Abuja, on Thursday.

Tukur was a Managing Director of the Nigerian Ports Authority and a one-time National Chairman of the Peoples Democratic Party.

Represented at the event by his Chief of Staff, Prof Ibrahim Gambari, Buhari was quoted as saying, “I recall Bamanga Tukur’s activities with Tony Blair-led Commission for Africa in 2004/2005 and how that led to the 2005 G8 Summit landmark decision on debt cancellation for 32 African countries.

“Prior to that, many poor African countries were using a large portion of their little resources to service debt obligations.

Read also: FG is ₦300B indebted to Ogun for federal road repairs; Gov Abiodun

“The benefits of debt cancellation were that many African countries were then able to free up resources which they previously channeled into debt servicing and deployed them into socio-economic and infrastructural projects.

“That explained the fact that shortly after, the fastest growing economy was from Africa which perfectly fueled Africa’s rising narrative.

“To my mind, much credit has not yet been given to the role played by Alhaji Bamanga Tukur in the process. We must recognize that now.”

He expressed sadness that the debt incurred by previous administrations were not channeled appropriately.


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