$18 Billion Debt Relief Package for Nigeria!

LAGOS, Aug. 4 (Xinhuanet) -- The Nigerian government has assured its people that the 18-billion-dollar debt cancellation deal agreed in June by the country's Paris Club creditors was "true" and said that it would buy back the rest of that debt by March 2006.

Mansur Muhtar, head of the country's Debt Management Office said while reacting to different criticisms over the debt relief that the deal "draws a line under the past and gives Nigeria a fresh start."

http://news.xinhuanet.com/english/2005-08/05/content_3311424.htm