Dr. Jimoh Ibrahim, a Senator from Nigeria has suggested to the World Bank that Africa’s debt, particularly Nigeria, be swapped for the pains of climate change coming from the USA, UK, China and India.
Ibrahim made this contribution on the floor at the ongoing Global Parliamentary forum of the World Bank/IMF in Marrakech, Morocco, presided over by the IMF Deputy Managing Director.
He said there is a need to get to the data and determine the number of pains to Nigeria arising from generating electricity and heat by burning fossil fuels, which causes a large chunk of global emissions.
The Nigeria’s parliamentarian explained that the amount of carbon dioxide pollution (CO2) by those countries causes much pain that has climate effect, and the carbon polluter must be ready to pay for it, and we can easily exchange African debt for the carbon pollution.
Ibrahim accused the USA, UK, China and India as key polluters who must pay for Nigeria’s Debt in return.
He, however, explained that the debt ratio to GDP is 235%, and Africa is servicing its debt with over 50 billion dollars annually.