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Nigerian President: Africa Hopes for More Trade, Aid from Rich Nations

Nigerian President Olusegun Obasanjo has urged rich nations to give more aid to Africa as leaders from the Group of Eight gathered in Scotland for a summit focused on lifting the continent out of poverty.

Mr. Obasanjo told a London meeting of the Business Action for Africa that the continent is hopeful about decisions that will be made by G8 leaders on better trade access and increased aid to Africa.

He also welcomed a plan to wipe out $40 billion worth of debt owed by 18 of the world's poorest nations. Mr. Obasanjo said African nations are committed to democracy, good governance and ending corruption.

Before heading to Scotland for the summit, President Bush and Danish Prime Minister Anders Fogh Rasmussen said increased aid to Africa must be tied to good governance and efforts to fight corruption.

Some information for this story provided by AP and AFP.