Category: Nigeria

Nigeria to send $12.4 billion to world’s richest nations

(October 25, 2005) Today Nigeria reached an agreement with its largest creditors, grouped in what is known as the Paris Club. The debt had built up over many years, following loans given by France, Germany, Japan, the UK and others to a string of Nigerian despots.

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Dutch lawmakers oppose Nigeria’s debt relief

(October 25, 2005) The $18 billion debt relief package granted Nigeria by the Paris Club of creditor nations may have suffered a major setback as the majority of Dutch parliamentarians have opposed moves by the club to write-off Nigeria’s debt.