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US officials lobby for debt rescheduling

    ABIDJAN

    US treasury officials urged a congressional committee on Thursday for “a generous interim rescheduling” of Nigeria’s debt to the Paris Club, the US Information Service said.

    Appearing before the Subcommittee on Domestic and International Monetary Policy, Deputy Assistant Secretary Steven Radelet said Nigeria needed help given its vital leadership role in suporting regional stability and its importance to the US as a trading partner.

    Nigeria owes creditors at least US $30 billion.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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