Nigerian Govt. Releases Details of Paris Club Refunds to States

Date: 2017-06-11

The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date.

The payments, totalling N516.38 billion, were made to the 36 states and the Federal Capital Territory upon the approval of President Muhammadu Buhari on November 21 2016, a statement by Salisu Danbatta, director of information in the Ministry of Finance said.

The payments were in partial settlement of longstanding claims by State Governments relating to over-deductions from their Federation Account Allocation Committee (FAAC) allocation for external debt service arising between 1995 and 2002.

The debt service deductions are in respect of the Paris Club, London Club and Multilateral debts of the FG and States. While Nigeria reached a final agreement for debt relief with the Paris Club in October 2005, some States had already been overcharged.

The government had initially turned down repeated requests to release the payment details.

"The funds were released to state governments as part of the wider efforts to stimulate the economy and were specifically designed to support states in meeting salary and other obligations, thereby alleviating the challenges faced by workers," the statement said.

The releases were conditional upon a minimum of 50 per cent being applied to the payment of workers' salaries and pensions.

The Federal Ministry of Finance said it was reviewing the impact of these releases on the level of arrears owed by State Governments.

Mr. Danbatta said a detailed report is being compiled for presentation to the Acting President Yemi Osinbajo, as part of the process for approval for the release of any subsequent tranches.

See the payment details below:

REFUND OF OVERDEDUCTIONS ON PARIS CLUB LOANS ON THE ACCOUNTS OF STATE AND LOCAL GOVERNMENTS (1995-2002)

Show entriesSearch:

S/N STATE TOTAL AMOUNT

PAID IN NGN

1. ABIA 11431531742.97

2. ADAMAWA 10257434321.63

3. AKWA IBOM 25981255165.12

4. ANAMBRA 12243313404.68

5. BAUCHI 13755553122.51

6. BAYELSA 24895696347.55

7. BENUE 13709343498.51

8. BORNO 14681869730.63

9. CROSS RIVER 12150687893.85

10. DELTA 27606963362.46

11. EBONYI 9016166759.96

12. EDO 12182253184.99

13. EKITI 9545673294.17

14. ENUGU 10723578819.32

15. GOMBE 8945755396.38

16. IMO 14001610365.94

17. JIGAWA 14215333413.52

18. KADUNA 15443458455.1

19. KANO 21740390362.48

20. KATSINA 16404261819.71

21. KEBBI 11954998982.9

22. KOGI 12055455191.6

23. KWARA 10241288653.14

24. LAGOS 16743876266.21

25. NASARAWA 9102098342.24

26. NIGER 14421586309.89

27. OGUN 11478749388.92

28. ONDO 14007296628.57 29. OSUN 12628212681.25

30. OYO 13315423054.25

31. PLATEAU 11288158110.82

32. RIVERS 34925785322.06

33. SOKOTO 12882257093.52

34. TARABA 9326607975

35. YOBE 10826206233.18

36. ZAMFARA 10884771188.99

37. FCT 1369735000.09

TOTAL: 516384636883.81

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ilesha-Baruba     Yakubu Danladi     Akanbi-Oke     AbdulQowiy Olododo     Elelu     Yusuf Abdulwahab     Kwara Central     Olateju Lukman     JUSUN     Umar Yakubu Jaja     Adeola Abraham     Emir Of Shonga     Convocation Ceremonies     Ilorin General Hospital     Ishola Moses Abiodun     Magaji Are     Tunde Saad     AGILE Programme     Mansur Alfanla     Bayo Ojo     Afonja Descendants Union     Lateef Alagbonsi     Mahe Abdulkadir     NITDA     Islamiya Abdulraheem     Otoge     Olokoba Sulyman     Alao Ayotunde     Olatunji Moronfoye     Taofik Mustapha     Sa\'ad Alanamu     Okeose Christian Cementary     Idi-Ape     Bature Bello     Dumagi     Esinrogunjo     Mary Arinde     Yunus Lawal     Shehu Alimi Foundation     Umar Ahmed Gunu     David Oyepinola Adedumoye     Universal Basic Education Commission     Olatunji Abdulmumeen     Hamidat Sulyman-Yusuf     Olayinka Oladapo Jogunola     Ibrahim Gambari     Elerinjare-Ibobo     Olaitan Adefila     Adeleke Ogungbe     Kupchi Hosea Maxwell     Rafiu Olasile     Abdullahi Imam Abdullahi     Shonga Farm Project     Saudat Abdulbaqi     Abubakar Baba Sulaiman     Tunji Moronfoye     Alumni Association Of The Federal Polytechnic Offa     Halimat Yusuf     Kawu Baraje     Dagbalodo     AbdulRauf Keji     Afolasade Opeyemi Kemi     Ajibola Ademola Julius     Florence Saraki     Sango-UITH Road     Timothy Akangbe     Trade Lenda SME Fair     Taofeek Ibraheem     Abubakar Aliagan     Ilorin East/South Federal Constituency     Olatunde Michaels     Razaq Ayobami Akanbi     Abatemi Usman     Razaq Atunwa     Haleeman Salman     Amusa Bello     Abdulbaqi Jimoh    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Simeon Sule Ajibola     Elerin Of Adanla     Folashade Omoniyi     David Oyerinola Adedunmoye     Ijakadi     Ayedun     IF-K     Balikis Jawondo     Kwara Basketball Association     IQRA College     Sabitiyu Grillo     Ekiti     Kolade Solagberu     Binta Abubakar-Mora     Olanrewju Okanlawon Musa     Umar Bayo Abdulwahab     Aliyu Olatunji Ajanaku     Saidu Kawu     Mohammed Saidu     Ahmed Shuaib Buranga     Mary Kemi Adeosun     Lanre Aremu     Sai Kayi     HICA     Khairat Gwadabe     Agbarigidoma     Jalala     Ilesha-Baruba-Gwanara     Eghe Igbinehin     Aliyu Sabi     Is\'haq Modibbo Kawu     Face Masks     Oniye     Sa\'adu Salau     TIC     Abdulmumini AbdulRazaq     Kwara State Government     Oyelere Oyinloye     Rotimi Samuel Olujide     Trader Moni     Saka Saadu     Kayode Bankole     Abiodun Musa Aibinu     Bello Oyebanji     Ajikobi     Yusuf Abdulkadir     Ilorin Descendants Progressive Union     Sarakite     KWACOBPA     Kwara Muslim Pilgrims Welfare Board     Abdulrasheed Akogun     Kamoru Kadiri     Council Of The Wise     Offa Poly     Saka Isau     IESA     Abdulazeez Uthman     Orire     Neo Mundo Ltd     Muyideen Ajani Bello     Dauda Adeniran Adeshola     TIIDELab     SWAN     Baboko     Tunji Moronfoye     Yakubu Dogara     Sam Onile     Kwara State Sports Commission     Shehu Salau     Umar Saro     Kolo     Balogin Alanamu     Saheed Alakoso     Abdulrazaq Akorede     Offa Grammer School     CLAY POT     Ilorin Anchor Men And Women