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Obasanjo heads AU panel on fund sourcing

TO avert financial crisis caused by overdependence on foreign funding, the Africa Union (AU) is considering, among other options, levying air travellers’ tax on all flights in and out of the continent, and has named former Nigerian President, Olusegun Obasanjo, as head of a team of eminent Africans to decide on the idea. According to a statement, the AU said: “It is clear that the current financing arrangement for the African Union dependent on assessed contributions of member-states ...
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Added July 20, 2011
from Guardian News