(June 27, 2005) The fiscal recklessness of government officials accounts for a substantial proportion of Nigeria’s foreign debt.
Other News Sources
Roadmap to development in Africa, by Obasanjo
(June 27, 2005) President Olusegun Obasanjo says Africa requires a new crop of leaders, a new way of doing things and the support of development partners for accelerated socio-economic and political development.
Road to debt forgiveness
(June 27, 2005) Hope rises for Nigeria; G8 may forgive its 35 billion dollar debts.
Why Kenya missed out on debt relief
(June 27, 2005) Debt relief campaigners call on the government of Kenya to make public the steps it has taken to lobby for debt cancellation and to justify the burden it continues to put on its citizenry by servicing these debts.
African debt relief package not good enough
(June 27, 2005) Twenty years from now, there will be a whole new generation of debt if the root causes aren’t somehow fixed. Applying the Doctrine of Odious Debts will ensure that Third World citizens don’t pay for debts that weren’t incurred for their benefit.
The G-8 debt deal: first step on a long journey
(June 27, 2005) The full Jubilee vision regarding debt relief advocates debt cancellation for all impoverished countries and countries in crisis, without harmful economic conditions.
The false promise of debt relief
(June 27, 2005) "Unfortunately, most of the public, egged on by well-meaning rock stars, religious leaders, and other popular figures, seem brainwashed into believing that debt relief is a giant step on the road to ending world poverty."
Two decades on, people power haunts Philippines
(June 27, 2005) For all its street protests, colourful elections and raucous debate, the Philippines still does not have enough real democracy, analysts say.
Iraq reports corruption epidemic
(June 27, 2005) There is massive corruption in most Iraqi government ministries as a legacy of Saddam Hussein’s era, the Iraqi anti-corruption commission has said.
Nigeria comes clean and shows the way for Africa
(June 25, 2005) It would be helpful if Nigeria’s current efforts to stamp out corruption were rewarded with limited debt cancellation and increased aid by creditor nations, to demonstrate to Africa south of the Sahara that good governance pays.
A nation’s anger at the politicians who bled Nigeria dry
(June 25, 2005) New statistics reveal Nigeria’s past leaders bled the country of more than £220 billion during the first four decades of independence; the current administration is taking action but has a long way to go before citizens can start to prosper.
£220bn stolen by Nigeria’s corrupt rulers
(June 25, 2005) Nigeria’s past rulers stole or misused £220 billion new figures reveal – tallying almost exactly the total of western aid given to Africa in almost four decades; an amount six times the American help given to post-war Europe under the Marshall Plan.
G8 debt deal: incomplete but positive step forward
(June 23, 2005) “Debt cancellation has been touted as an ultimate act of charity, however, people’s movements in the indebted countries and their allies around the world have long pointed to the illegitimate nature of their debt burdens, saying, “Don’t Owe, Won’t Pay!”
Raising the flag on Iraq reparations
(June 23, 2005) The United Nations is being urged to stop paying billions of dollars in reparations from Iraq – one of the world’s most indebted countries – to claimants, many of them from Kuwait, one of the world’s richest nations.
Despite regime change, Iraq debts keep mounting
(June 22, 2005) International social justice groups are calling on the United Nations to stop paying out millions of dollars in Iraqi oil revenues in war reparations, claiming Iraqi citizens should not be held responsible for Saddam Hussein’s actions.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
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Probe International 