member club also "took note of the economic reform program implemented by the Nigerian authorities since 2003." Nigeria is saddled with around US$35 billion (¤29 billion) of foreign debt, US$31 billion (¤25.7 billion) of which is owed to Paris Club creditor countries. Though Nigeria is the world's seventh-largest oil exporter, it is among the poorest countries in the world, with over 60 percent of its 140 million people living on less than a dollar a day. The country exports some 2.5 million barrels of oil per day, making it the fifth-biggest source of U.S. oil imports.
