The Federal Government of Nigeria has decide to pull out from 90 international organisations out of the 310 the country joined
This development was made known by the Nigeria Minister of Finance, Kemi Adeosun. She disclosed this while speaking with the state house correspondents. This was after the Federal Executive Council meeting in Abuja yesterday.
She said that the main reason for this move was because of the financial implications for the counrty. In her words:
Nigeria is member of 310 international organisations and a committee was set up to review the rationale for our continued membership of such a large number of organisations, particularly in the light of the fact that in many cases, we are not actually paying financial obligations and subscription which is causing some embarrassment to Nigeria and our image abroad.
It was discussed that there were commitments made to some international organisations by former government which were not cash-backed.
The country owes the organizations over $100million and its failure to meet the obligations has caused the nation much embarrassment. Adeosun said the Federal government’s plan is for Nigeria to belong only to organizations that are absolutely necessary.