The Minister of Finance , Mrs. Kemi Adeosun has announced that Nigeria will pull out from 90 international organizations, she disclosed this yesterday after the Federal Executive Council ( FEC ) meeting presided over by President Muhammadu Buhari at the Presidential Villa , Abuja .
Adeosun said the decision came following the recommendation of an inter - ministerial working committee on the status of Nigeria ’ s membership of international organisations and associated financial obligations .
The minister said there was need to tighten up the procedures of committing Nigeria to any form of subscription or donations to international organisations , said Nigeria is a member of 310 international organisations and has not been able to pay subscriptions and meet its other financial obligations , a development that has caused embarrassment to the country and its image abroad .
She stated that the commitments made to some of these international organisations by former Presidents were not cash- backed , and had caused embarrassment when Nigeria ’ s delegations turn up at those organisations .
She said the subscription to those organisations was $ 70 million yearly and “there are lots and lots of arrears . ”
