{
  "id": 9713425,
  "title": "UNGA: Debt servicing holding back Nigeria’s development – Shettima",
  "url": "https://urgent.news/2026/09/25/unga-debt-servicing-holding-back-nigerias-development-shettima",
  "topic": "world",
  "section": "World",
  "published": "2026-09-25T06:06:11.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/09/25/unga-debt-servicing-holding-back-nigerias-development-shettima/"
  },
  "original_language": "en",
  "account": "Vice President Kashim Shettima has highlighted that heavy debt servicing is hindering Nigeria's ability to invest in crucial areas such as education, healthcare, and infrastructure. Delivered on Thursday during President Bola Ahmed Tinubu's statement at the 81st United Nations General Assembly in New York, Shettima identified inadequate financing as a significant barrier to sustainable development. He noted that many developing nations allocate a large portion of their resources towards debt servicing, thereby limiting their capacity to fund essential sectors. \"A significant portion of resources in many developing countries is spent on debt servicing, detracting from investments in critical areas like education, healthcare, and infrastructure,\" Shettima emphasized. He urged for reforms in the international financial system to enhance accessibility to financing for developing countries and ensure that debt sustainability assessments consider their unique needs. The statement advocated for increased access to concessional financing and supported alternative funding models, including private capital, blended finance, South-South cooperation, and strategic partnerships. Shettima stressed that such financing should facilitate sustainable development, climate change adaptation, and the construction of resilient infrastructure capable of withstanding future challenges. He emphasized the need for the international financial architecture to be reformed to provide developing countries with more opportunities to fund their development priorities.",
  "summary": "Vice President Kashim Shettima has said heavy debt servicing is limiting the ability of developing countries, including Nigeria, to invest adequately in education, healthcare and infrastructure. Shettima spoke on Thursday while delivering President Bola Ahmed Tinubu’s statement at the 81st United Nations General Assembly in New York. He identified inadequate financing as one of the […] UNGA: Debt…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Peninsula Qatar",
        "title": "Global leaders convene at UNGA81 to mobilise finance for sustainable development",
        "url": "https://urgent.news/2026/09/25/global-leaders-convene-at-unga81-to-mobilise-finance-for-sustainable",
        "published": "2026-09-25T07:02:06.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Global business leaders and visionaries honoured at ET Indo Global Leaders 2026 in Dubai",
        "url": "https://urgent.news/2026/09/25/global-business-leaders-and-visionaries-honoured-at-et-indo-global",
        "published": "2026-09-25T08:38:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}