Wednesday, 27 September 2017

Nigeria withdraws from 90 International Organisations

The Federal Government has announced that Nigeria is withdrawing its membership of 90 international organisations.

This came after the weekly Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari on Wednesday, in which a committee was mandated to come up with recommendations on ratifying the move.

The council agreed that henceforth, the country would only belong to international organisations considered to be necessary.

Making the announcement to State House correspondents after the meeting, the Minister of Finance, Kemi Adeosun, said the move became necessary in light of the financial burden of belonging to these organisations.

Adeosun put Nigeria’s annual commitment to all the international organizations at $70 million, adding that the country is currently owing all the organisations about $200 million.

While declining to name the affected organisations, she explained that the decision to pull out of 90 out of the 310 organisations to which the country presently belongs was a cost-cutting move that will also prevent international embarrassment.

President Buhari had hinted at dissatisfaction with the international order during his speech at the United Nations General Assembly earlier this month, calling for a change to the “obsolete” structure of the Security Council.

Nigeria is also a major player on the continent – which is the major concern of its foreign policy – with foreign aids and personnel deployed to several countries.

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