Nigeria: Govt to pay $5.1bn cash call debt in five years

23 November 2016, Abuja – The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday said the Federal Government will pay off the discounted $5.1 billion cash-call debt it is owing International Oil Companies (IOCs) within five years. Though he did not state when repayment will start, he said its timeline was part of […] More »