Nigeria recently made a $6.4 billion payment to the Paris Club that fell in step with the schedule laid out by the International Monetary Fund to help the African country write off 60% of its $30 billion debt. Finance Minister Ngozi Okonjo-Iweala told Reuters that once the government spent another $6 billion under the Paris Club accord, after an IMF review scheduled in March, its total foreign debt would decline to $5 billion from $35 billion now.