The Nigeria Labour Congress,NLC has urged the Federal Government

to be cautious on the issue of borrowing both within and outside the


NLC General Secretary, Peter Ozo-Eson, said this in an interview in


Ozo-Eson explained that the Federal Government has continued to

borrow to finance infrastructure.

He said that Nigeria must be creative to ensure that the loans are


In April 2006, Nigeria became the first African country to fully pay off

its debt owed to the Paris Club.

The Paris Club is a group of officials from major creditor countries

whose role is to find co-ordinated and sustainable solutions to the

payment difficulties experienced by debtor countries.