Just In: Federal Government Releases Details Of Paris Club Refund To 36 States (Full details inside)

at 10:52 AM, 19 Jul 17 (4 months ago)
(8726 | Hero) (f)

The Federal Government has released the full details of Paris Club refunds made to the states in Nigeria.  According to Reporters, the Nigerian government has released details of payments to the 36 states as refund of
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“over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).”

 
The latest payment is the second tranche of the refunds to the states. A total of N243.8 billion was released to the 36 states and Abuja in the second tranche. The Minister of Finance, Kemi Adeosun, said approval for the release of the fund was given by Acting President Yemi Osinbajo on May 4. The details, released by the Ministry of Finance on Tuesday evening, showed that Akwa Ibom, Bayelsa, Delta, Kano and Rivers received the largest sum of N10 billion each.  The states had earlier promised to use a large chunk of the money to settle debts owed workers and pensioners in their respective domains.
 
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“The releases were conditional upon a minimum of 75 per cent being applied to the payment of workers’ salaries and pensions for States that owe salaries and pension,”
Salisu Dambatta, a finance ministry spokesperson said in the statement.
The finance ministry said it was reviewing the impact of these releases on the level of arrears owed by the various state governments.
See the full details of the amount received by each state below.


tegonwa at 11:04 AM, 19 Jul 17 (4 months ago)
(6151 | Gistmaniac) (m)
Delta, Bayelsa And Rivers Are Oil-producing States And They Received The Largest Sums From This Paris Fund.Why Are The Governors,especially Delta's, Still Complaining Of Bankruptcy In Maintaining Civil Servants' Promotion And Allowances.Quite Confusing.Confusingly Hopeless.
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freethinker at 11:16 AM, 19 Jul 17 (4 months ago)
(5108 | Gistmaniac) (m)
IN BIAFRA WE STAND
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rottymore at 02:46 PM, 19 Jul 17 (4 months ago)
(179 | Upcoming) (m)
Paris club to another Swiss club, Naija money is flying all over, Capital flight cannot stop in dis country...
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ruthie at 02:48 PM, 19 Jul 17 (4 months ago)
(9413 | Hero) (f)
let them use this money to pay workers salaries instead them go re-loot am..bloody leaders
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kacylee at 08:00 PM, 19 Jul 17 (4 months ago)
(12733 | Hero) Online (f)
now that these states have got these monies, lets see the next excuse for not offsetting the outstanding debts in the states
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BournIdentity at 10:34 AM, 26 Jul 17 (3 months ago)
(45390 | Addicted Hero) (m)
Roll Eyes                                                                           
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