(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.
(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.
(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".
(May 24, 2006) The battle for the cancellation of Nigeria’s foreign debt has been won and lost.
(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.
(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.
(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.
(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.”
(December 12, 2005) Some Nigerians refuse to celebrate the recent debt relief granted by the Paris Club cartel of creditors, and its accompanying conditions.
(November 28, 2005) Northern political elements, who seek to regain power from the South, are turning up the heat on President Olusegun Obasanjo’s alleged scheme to succeed himself.
(November 25, 2005) What’s good for Iraq must surely be good for Nigeria too.
(November 24, 2005) A Nigerian court has sentenced the country’s former police chief in a $140m money laundering case but anti-corruption campaigners have said his six-month jail sentence undermines the war on corruption.
(November 17, 2005) Nigeria is yet to pay the $6.4 billion due to the Paris Club on account of the debt relief granted the country, Finance Minister, Dr. Ngozi Okonjo-Iweala said.
(November 15, 2005) House members that spoke under the condition of anonymity have accused President Obasanjo of breaching the constitution by going ahead to pay the debt even before the approval of the National Assembly.
(November 5, 2005) £1.7bn windfall is more than African aid budget; critics want Brown to lead the way in refusing money.