International records / OpenAlex research

Echoes of Divergence Within: The Politics and Politicisation of Nigeria's Debt Relief

Nigeria has been weighed down over the years by a huge debt overhang and has had to contend with several reform programmes prescribed by the multilateral institutions of the IMF and the World Bank. Ordinary people, especially women, children and the under-privileged, have been the worst victims of the fallout from these reforms. Recently, Nigeria was granted debt relief to the tune of US$18 billion by the Paris Club of creditors, with the proviso that the country would pay a total of US$12 billion of its remaining debt, in two equal instalments, within a specified period to the Club. Nigeria h…