Abuja, Nigeria — The House of Representatives has initiated a probe into Nigeria’s outstanding debt of €1.2 million to the Organisation of African, Caribbean, and Pacific States (OACPS), raising concerns about the country’s financial commitment to the international body.
This action follows a motion of urgent national importance moved during plenary on Tuesday by Deputy Chief Whip, Hon. Ibrahim Isiaka (APC, Ogun).
In his remarks, Isiaka noted that Nigeria has received over €1.7 billion in development support under the OACPS-European Union partnership since 2020, yet continues to default on its financial obligations. He warned that failure to settle the arrears could result in sanctions and jeopardize Nigeria’s international standing and development cooperation opportunities.
The OACPS, which facilitates development cooperation between member states and the EU, expects regular contributions from members, including Nigeria. However, persistent delays in payment have reportedly hindered the implementation of key programmes.
In response, the House mandated its committees on finance, national planning, and debt management to assess the impact of Nigeria’s participation in the OACPS and collaborate with relevant ministries to expedite payment.
The committees are expected to submit their findings within two weeks for further legislative action.
By Makinde oyinkansola| July 1, 2025
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