Thursday, April 20, 2006

Nigeria Exits Paris Club Tomorrow

President Olusegun Obasanjo yesterday announced that Nigeria will finally exit its indebtedness to the Paris Club tomorrow. Speaking before the commencement of the weekly Federal Executive Council (FEC) meeting at the Council Chambers, State House, Abuja, the President said the approval of NigeriaÂ’s Policy Support Instrument (PSI) by the Executive Board of the International Monetary Fund (IMF) on Monday, April 17, “means the last stage of our indebtedness to the Paris Club has been cleared. Noting that the Minister of Finance, Dr.(Mrs) Ngozi Okonjo-Iweala had already issued a statement on the debt settlement, President Obasanjo added that “by Friday, April 21, we would have cleared ourselves of all debts owed to Paris Club. More

No comments:

Popular Posts