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(From This Day (Nigeria) - AAGM)
Byline: Kunle Aderinokun
External debt hit $33bn
International Monetary Fund (IMF) said yesterday that it has endorsed the economic reform programme of the Federal Government called the National Economic Empowerment and Development Strategy (NEEDS).
Also, the Debt Management Office has disclosed that Nigeria's external debt has accumulated to about $32.8 billion as at December 31, 2003, representing an increase of about $2 billion from the previous figure of $30.99 billion.
Briefing newsmen yesterday in Abuja after the Fund's meeting with Nigeria's economic team, Head of Mission, Article IV Consultation, IMF, Mr. Menachem Katz said the "NEEDS has the appropriate vision for the future and has strong focus on the right …