Former Minister of Education in Nigeria, Oby Ezekwesili vhas said that China would have to pay damages and liability compensation to Africa for their inability and failure to effectively contain the spread of the coronavirus, thereby putting the African continent in a dire position.
In a recent article of hers published by the Washington Post, she wrote that China needs to show tactical leadership and pay damages to Africa.
She wrote “The COVID19 pandemic has dealt a severe injury to Africa’s development prospects and worsened the conditions of its poor and vulnerable. Although there are calls for voluntary international aid to support the continent during this difficult time, this is far from the best solution.
“China should immediately announce a complete write-off of the more than $140 billion that its government, banks and contractors extended to countries in Africa between 2000 and 2017. This would provide partial compensation to African countries for the impact that the coronavirus is already having on their economies and people.
“The analysis of the balance of compensation due to Africa can then follow from discussions with the Africa Union and its member countries, alongside global and regional organizations including the United Nations, the World Bank, the International Monetary Fund, the African Development Bank and the European Union.
“This sharp fall ended Africa’s upward economic growth trajectory and sent per capita income tumbling. It increased inequality and the number of Africans in absolute poverty. Such fragile and low economic growth rates for a continent with one of the world’s highest concentrations of young people and annual population growth rate of about 2.5 percent is a key reason for widespread multidimensional poverty — a threat that carries seeds of global insecurity and instability.
Read more: ‘Brace up, Fellow Citizens’ -Oby Ezekwesili Charges Nigerians On the Economic Effects Of Coronavirus
“Most of Africa’s countries simply do not have the buffer required for fiscal relief in times of crisis, because they were already severely constrained by budgetary crises caused by poor domestic revenue mobilization, high public debts and low productivity. The parlous public finances of these countries worsened due to volatility in commodity prices as the pandemic worsened.
“China should demonstrate world leadership by acknowledging its failure to be transparent on covid-19. Beijing’s leadership should then commit to an independent expert panel evaluation of its pandemic response. China and the rest of the Group of 20 countries should engage with the Africa Union and countries to design a reparations mechanism.”
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