Economic Growth: Nigeria Urges Developing Nations To Tackle Illicit Financial Flows - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Abubakar Abubakar
April 1, 2019
The Federal Government has urged members of the South-South Cooperation to take concrete steps to tackle illicit financial flows as a strategy to address poverty and accelerate growth among the developing nations.
The Director General, Nigeria’s Directorate of Technical Aid Corps, Pius Osunyinkami, made this call at the second UN High-level Conference on South-South Cooperation in Buenos Aires, Argentina.
He also called for urgent measures to tackle illicit financial flows among the member countries.
Osunyinkami, who led the Nigerian delegation, also presented a charge from President Buhari to the Cooperation consisting of developing countries in Africa, Asia, and the Caribbean.
He said illicit financial flows distort the growth and development of countries, drain foreign reserves, undermine genuine investment and eliminate resources that would have been used for poverty alleviation.