(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.
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.
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".
Nigeria after debt relief
(May 24, 2006) The battle for the cancellation of Nigeria’s foreign debt has been won and lost.
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.
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.
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.
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.”
Compassionate debt relief or Paris Club 419?
(December 12, 2005) Some Nigerians refuse to celebrate the recent debt relief granted by the Paris Club cartel of creditors, and its accompanying conditions.
MRD urges Obasanjo to apologise, quit
(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.
Judgment of Paris
(November 25, 2005) What’s good for Iraq must surely be good for Nigeria too.
Nigeria jails former police chief in graft crackdown
(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.
Nigeria yet to pay Paris Club
(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.
Debt relief: House raises questions over $12.4B supplementary budget
(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.
Britain criticised for accepting Nigerian debt repayments
(November 5, 2005) £1.7bn windfall is more than African aid budget; critics want Brown to lead the way in refusing money.