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Nigeria Pays 2015 Regular Budget To United Nations

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NAN – Nigeria has paid her 2015 regular budget to United Nations in full, becoming the 61st member country to do so, an official document of the UN has revealed.

According to a document obtained from the Committee on Contributions by the News Agency of Nigeria (NAN) on Monday, May 18, 2015 in New York, Nigeria paid 2.44 million dollars as at May 13.

NAN reports that 11 other African countries — Senegal, Rwanda, Mauritania, Algeria, South Africa, Namibia, Cape Verde, Lesotho, Egypt, Tunisia and Sudan had also paid their contributions in full.

The countries joined others, which had also paid fully on the UN honour roll created by the office of the spokesman to the Secretary-General.

NAN also reports that as at May 14, 87 member states had paid their regular budget assessments in full, with the Dominican Republic being the first to make its payment in full.

The Administrative and Budgetary Committee of the UN General Assembly decides on the scale of assessments for contributions to the Regular Budget every third year.

The assessments reflect a country’s capacity to pay, measured by factors such as a country’s national income and size of population.

NAN recalls that the Peacekeeping Budget assessments are based on the Regular Budget rates, but with discounts for poor countries.

The five permanent members of the Security Council – China, France, Russia, the United Kingdom and the United States – approve all peacekeeping operations and pay extra fees to compensate for the discounts.

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