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Cash crunch: Nigeria pulls out of xc globe organizations

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Nigeria has resolved to remove from xc out of the 310 international organizations to which it has fiscal commitments.

The Minister of Finance, Kemi Adeosun, disclosed this to State House correspondents on Midweek afterwards the Federal Executive Council (FEC) coming together presided over past times President Muhammadu Buhari.

The determination is every bit a trial of the fiscal implications of the country’s membership of the organisations.

According to Adeosun, Nigeria’s annual commitment to all the international organizations amounts to $70 million.

The government minister added that Nigeria currently owes the organisations $200 million.

A innovation is to last drawn upwards for the payment of the outstanding amounts the province is owing.


The authorities wants the province to cutting damage past times belonging entirely to organisations that are absolutely necessary.

Sumber http://www.adeolafayehun.com/

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