Amb. Yusuf Tuggar has highlighted Nigeria’s leadership in advocating for global tax reform at the G20 summit, emphasizing the importance of addressing the inequity of the current tax system that favors developed countries. He voiced Nigeria’s commitment to combating poverty and hunger, and discussed ongoing partnerships to enhance agricultural yields. Nigeria is working towards G20 membership while strengthening international collaborations, particularly with Brazil.
Nigeria is making significant strides in advocating for global tax reform, as highlighted by Amb. Yusuf Tuggar, the Minister of Foreign Affairs. During the 19th G20 Leaders Summit held in Rio de Janeiro, he underscored Nigeria’s role in promoting a UN tax resolution that addresses the inequities in the global taxation system, which currently favors developed nations at the expense of developing ones. Tuggar emphasized that corporate entities from the Global North often benefit from the Global South without adequately contributing to their taxation systems. This effort signifies Nigeria’s leadership in representing African interests on the global stage.
Moreover, Nigeria’s involvement includes their commitment to the Global Alliance Against Hunger and Poverty, reflecting its increased engagement in G20 initiatives. Tuggar highlighted President Tinubu’s contributions during the summit, drawing praise from the Managing Director of the International Monetary Fund for the reforms implemented by the Tinubu administration.
Tuggar detailed Nigeria’s ambitions to eventually secure membership in the G20, a process requiring time and consensus. He stated, “Membership of the G20 takes time. It comes often by way of consensus and by being invited to participate…” He noted the vital need for global attention on poverty and hunger, particularly as these issues significantly impact sub-Saharan Africa.
Furthermore, Tuggar reiterated Nigeria’s commitment to supporting agricultural yield improvements through partnerships, particularly with Brazil, and detailed ongoing discussions around air service agreements to facilitate better connectivity. He expressed confidence in Nigeria’s ongoing diplomatic engagement and strategic initiatives aimed at advancing the nation’s interests internationally.
The article discusses Nigeria’s proactive role in advocating for reforms in global taxation systems during pivotal international summits such as the G20. It emphasizes the importance of addressing inequalities that developing nations face due to the current global tax structure. The reform proposed by Nigeria aims to ensure that multinational corporations contributing to the economies of developing nations are held accountable for their tax liabilities. Additionally, the article highlights Nigeria’s commitment to combating hunger and poverty, reinforcing its position as a leading voice for Africa in international affairs.
In conclusion, Nigeria is positioning itself as a champion of global tax reform and a key player in the G20 discussions, addressing significant challenges faced by developing countries. Ambassador Tuggar’s statements reflect the nation’s dedication to achieving equitable taxation and enhancing agricultural productivity through international collaborations. Furthermore, as Nigeria continues to assert its influence within multilateral frameworks, it seeks to align global developmental goals with the realities of the Global South, advocating for meaningful inclusivity and support.
Original Source: nannews.ng
