Please allow me to share with Mr. Holkeri the joy of his election to the presidency of the fifty-fifth session of the General Assembly. He can rest assured of Nigeria's support and cooperation. May I also express the same sentiment on behalf of the Group of 77. To his predecessor and my colleague, His Excellency Mr. Theo-Ben Gurirab of Namibia, Nigeria and the Group of 77 wish to express our pride in and appreciation of the most distinguished manner in which he discharged his duties as the President of the fifty-fourth session. We are indeed very proud of him. May I also commend the Secretary-General, Mr. Kofi Annan, for the manner in which he has piloted 20 and continues to manage the affairs of the United Nations. I would also like to thank him for his millennium report, which has identified some of the pressing problems and challenges facing mankind. In the past few weeks here at the United Nations a lot of reflection and deep thinking have taken place among world leaders, all in an attempt to more coherently define the future. The end of one millennium and the beginning of another warrant all these efforts to find such a purposeful definition. Fifty- five years ago the United Nations was formed as a global bulwark against armed conflict on a world scale, such as the Second World War. Over the years its mandate of preserving international security has broadened from strictly preventing such armed conflict to cover also fundamental issues of socio-economic security for humanity. For example, in many of the developing countries the United Nations manifests its potential more through the United Nations Children's Fund, the World Health Organization, the United Nations Educational, Scientific and Cultural Organization and other agencies than in Security Council resolutions, comparatively speaking. It is also from the activities of these United Nations agencies that the underprivileged sectors of poor countries benefit directly, activities from which these same countries, including those in Africa, have come to imbibe the idealism regarding the United Nations ability to harmonize the totality of progress to the benefit of all human stakeholders. To a great extent this idealism has not been misplaced. In fact, at no other time has the possibility of a global family been more real than now. This prospect must, I am sure, have been very exciting to so many of us and must have been the basis for hailing the United Nations system for its own role in and contribution to these achievements. But as my President, Chief Olusegun Obasanjo, aptly observed here less than two weeks ago, “Although the world has generally become a safer place to live in, thanks to the contributions of the United Nations, we must all feel deeply worried that the message of hope which the Organization has been spreading is yet to reach the millions of humankind for whom it is intended. For the vast majority of our peoples, grinding poverty has remained a fact of their everyday existence.” (A/55/PV.7) This reality of grinding poverty has raised considerable apprehension in some United Nations Member States about their fate in the new millennium. There is a clear basis for this apprehension, given that the past millennium was, for most of these countries, characterized by extreme poverty, heavy indebtedness, wars of attrition and the resultant mass ordeal and anguish for both their immediate and distant victims, absolute vulnerability to epidemics such as cholera, malaria and typhoid, the rage of the HIV/AIDS pandemic, the scourge of natural disasters, serious technological backwardness and a digital divide between them and the others, and by profound economic decline and infrastructural decay. In the last decade in particular, whatever hopes were raised by some initiatives aimed at mitigating African and third world underdevelopment have dwindled to nothing as the world emerged from the cold war into a more problematic concept called globalization. The globe, which is the symbol or logo of the United Nations, depicts humanity. From the word “globe” has been derived a phenomenon called globalization, which explicitly connotes a world without national borders, with particular reference to commerce, in which humanity is one huge market. Apart from thus unfortunately associating the noble and emotive word “humanity” with the materialism of commerce and the market, globalization automatically raises other questions for three quarters of humanity outside the orbit of industrial competence. In a global economy all the actors in that economy should also be stakeholders. But what stake does Africa have in a global economy? Economically, it is heavily indebted, some of its countries committing up to 55 per cent of gross earnings to debt servicing and payment. What can the little that is left do for the domestic economy? What does an economy that produces virtually nothing in industrial terms have to offer, and, moreover, how can it compete in a global economy? What is the income level of the average African, relative to that of his or her counterparts in many countries of the West, vis-à-vis the capacity to patronize the goods and services which globalization offers? How does globalization facilitate democratic consolidation? How can the core values of liberal democracy, such as the rule of law, the preservation of human rights and good governance, be sustained by a Government that lacks the resources to competently provide a minimum of social service delivery and thus 21 sustain legitimacy and regime credibility? In what ways would a typical regime in Africa be able to contribute its quota to democratic consolidation with the debt overhang, the exchange and interest rate practices in the international financial architecture, the prices offered for raw materials relative to the prices of industrial goods and services, the limited trade access and the conditionalities tied to loans and aid? As a responsible member of the international community and as the chair of the G-77, Nigeria is obliged to draw attention to the context of our present situation. What is clear to me now is that the dream of a global family cannot be attained if the present world architecture of power and the reward system continues. The dialogue of the Organization of African Unity, the Non-Aligned Movement and the G-77 with the G-8 countries has so far shown that a great deal can be achieved from that approach to the issues in question. As President Obasanjo again said in a separate speech, it is imperative for the world to seize this moment to begin to get the future right, since such a solemn moment in the history of mankind as the recent Millennium Summit, may not always present itself. We are talking of dialogue that takes the issues on board in a holistic manner, as opposed to the current practice of abstracting merely one or other manifestation of the system — for example, in the case of wars of attrition and the idea of international humanitarian intervention. The debate so far has brought to the fore the problem of the contradiction between sovereignty and intervention. Of course, nation States, even those on the verge of evaporation, would be sensitive to the word “intervention”. But, more than that, discussion of the issue has brought out the one-dimensional nature of the treatment of some issues or problems in terms of what we include in or exclude from the definition. In this particular case, the debate so far has concentrated on war situations or armed conflicts featuring massive loss of life. What of other situations where loss of life is also of a serious magnitude but not as a result of war or armed conflict? What of the silent genocide occasioned by the HIV/AIDS pandemic, epidemics and natural disasters such as famine, drought, flood, etc.? What about the situation that arises when sanctions lead to deaths on a serious scale? All these should find a place in a proper and systematic discussion of humanitarian intervention aimed at giving succour to those who may be trapped in tragedies other than wars. Similarly, is there no other way by which the world can arrest the proliferation of small arms and light weapons in Africa and other parts of the South? Certainly the world knows about the nature and types of weapons used in the prosecution of these wars, where they are manufactured and by whom, the processes by which they are traded and acquired and the key facilitators of these processes, including national governments and arms merchants. What if the search for solutions focused on these areas? These and many other weighty global issues were discussed at the first ever South Summit held in Havana last April. That Summit was a defining moment for the Group of 77 countries which pondered the challenges of the twenty-first century. In Havana the South resolved to forge a new and meaningful partnership with the industrialized nations. We demanded equal partnership in decision-making that affects the whole of humanity. That was the message the leaders of the South took to the G8 Summit in Okinawa. The outcome of that consultation vividly demonstrates that meaningful partnership is a must for the new century. Certainly the interests of mankind compel a more inclusive participation of all segments of our global community.