Nigeria’s Loans Go Unmonitored
The Niger Delta Budget Monitoring Group (NDEBUMOG) has raised concerns over a proposed government loan agreement between Nigeria and São Tomé and Príncipe. Nigerian president Umaru Musa Yar’Adua has suggested a US$10 million loan be granted to São Tomé and Príncipe “to assist the government [to] address some socio-economic difficulties in the country.” NDEBUMOG worries…