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Category Archives: Nigeria
Where has all the money gone?
(June 2, 2009) A recent article by Lord Aikins Adusei in the Zimbabwe Observer asks some pointed questions of the international aid agencies and developed banks. After nearly 50 years and billions of dollars in loans and grants, he says, Africa remains a poverty-striken continent, rife with corruption and political instability. Continue reading
Group cautions against debt payment
(June 4, 2006) A group, African Network for Environment and Economic Justice (ANE-EJ), has called on the National Assembly to reject a proposal sent by President Olusegun Obasanjo to settle London Club debt at the expense of key development challenges in Nigeria. Continue reading
Nigeria: beyond debt
(June 4, 2006) The rush to pay off foreign loans has derailed Nigeria’s chance to challenge its odious debts, claims Lagos-based lawyer and commentator Remi Ogunmefun in "Nigeria after debt relief". Continue reading
Nigeria after debt relief
(May 24, 2006) The battle for the cancellation of Nigeria’s foreign debt has been won and lost. Continue reading
US legislators oppose debt deal
(January 9, 2006) Some members of the United States Congress have welcomed the debt deal between Nigeria and the Paris Club of creditors whereby Nigeria pays $12.4 billion in return for an $18 billion debt cancellation, but strongly urged the US not to collect its share of the debt from Nigeria. Continue reading
American lawmakers ask govt to return Nigeria’s debt repayment
(January 9, 2006) A group of US lawmakers have called on the American government to return to Nigeria Washington D.C’s share of the $12.4 billion Abuja is supposed to repay to its creditors. Continue reading
US lawmakers call Nigerian debt ‘odious’
(January 7, 2006) Anti-debt campaigners and some U.S. lawmakers are calling on the Bush administration to return debt arrears owed by Nigeria and to let the African nation spend the funds on health and education through a World Bank-sponsored fund. Continue reading
Legislators to Bush administration: let Nigeria spend money on health, not debt
(January 5, 2006) “Much of Nigeria’s debt can be considered odious given the fact that the original loans were made to authoritarian regimes – many of which were then looted while interest and penalties accumulated.” Continue reading
