NaijaSense is a Blog by a Nigerian living in Nigeria, we provide the Latest information on events, news, sports, entertainment as they happen in Nigeria.
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 NigeriaÂs 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 Âby Friday, April 21, we would have cleared ourselves of all debts owed to Paris Club. More
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