RECESSION: Nigerian government pulls out of 90 International bodies

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday said the federal Government has pulled out from 90 international bodies so as to be able to meet up with its obligations.

She said this at Federal Executive Council, FEC, meeting in Abuja.

Kemi disclosed that the country spends $70 million every year as a member of 310 international organizations, adding that it had not been meeting up with its obligations.

She said a committee has been set up to consider the organizations the country was exiting from and the committee is expected to submit its report within two weeks.

The minister added that the committee will prioritise the organisation the country has to retain.