Nauru has again warned the Australian government's plan to close its immigration detention centre could slash the Nauru's earnings by 20 per cent.
Nauru's foreign minister Kieren Keke told The Australian his government would seek compensation from Australia amid concerns the closure would leave Nauru's economy on the verge of collapse.
Dr Keke said Nauru would seek various forms of assistance from Australia, such as capital, skills training and immigration privileges.
It would also ask Australia to consider turning the detention centre into a technical college.
75 Sri Lankan refugees are still in the camp which was set up by the previous Australian government more than six years ago.