— SAYS $70M ANNUAL FEES BURDENSOME
THE Federal Executive Council (FEC) has initiated a process to pull Nigeria out of 90 international bodies out of the 310 it currently subscribes to.
This formed part of the resolutions of the meeting presided over by President Muhammadu Buhari on Wednesday at the presidential villa, Abuja.
Minister of Finance, Mrs Kemi Adeseun who briefed State House correspondents on the matter, said exiting the bodies was recommended by a committee set up to review the country’s membership of the organizations.
She said the country has not been able to meet up with the financial obligations that come with the membership even though many of them may not be particularly relevant to Nigeria.
The minister revealed that the yearly membership subscription to the world bodies amounted to $70million.
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Nigeria to withdraw from 90 international organizations
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