Nigerian parliament rejects IMF
News||11 August 2000|update 18|
In July, the Nigerian House of Representatives adopted a non-binding motion urging the federal government to suspend all activities in respect of an IMF standby loan until the conditions were made public. The motion comes after riots in June following government removal of subsidies for cooking fuel and petrol as a condition for the $1bn standby loan. The Speaker of the House, Umar Ghali Na'Abba called for members to be given full information about the institutions and their relationship with Nigeria, "it is only then that we can be properly equipped to delve into these things," he said.
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Published: 11 August 2000 , last edited: 27 May 2010
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