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.

Minimum Wage     Abatemi-Usman     Dagbalodo     Sheikh Hamzat Yusuf Ariyibi     Iyabo Adewuyi     Chief Of Staff     Haruna Tambiri Mohammed     Muhammad Fawaz Abubakar     Tunji Arosanyin     Jeunkunu-Malete-Bani     Iyabo Dupe Adekeye     Offorjama     Abdullahi Atanda     20 Billion Bond     Riskat Opakunle     Oro Grammar School Old Students Association     Titus Suberu-Ajibola     Ijagbo     Ekiti     Plat Technologies     Kwara     CKNG     Oba Mogaji Abdulkadir     Kwara Coalition Of Business And Professional Associations     Matthew Babaoye     Marufat Oladosu     Dauda Adesola     Nigerian Supreme Council For Islamic Affairs     Senate President     Michael Nzekwe     Ahmed Saidu Rufai     Islamic Development Bank     Kwara 2015     Ajibola Saliu Ajia     Ganiyu Abolarin     Roseline Oni Aremu     Leke Ogungbe     Moremi High School     Saad Omo\'ya     Council Of The Wise     Aishatu Ahmed Gobir     Eghe Igbinehi     CELF     Bilikisu Oniyangi     Gambari     Lai Mohammed     Dumagi     Ubandoma     Monthly Sanitation     Erin-ile     Saraki     Odogun Olushola Gabriel     Centre For Community Empowerment And Poverty Eradication     Katibi Ibraheem Adeola     Olayinka Oladapo Jogunola     Sanitation Exercise     Kehinde Boyede     Allocation     Kwara State Polytechnic     Mamman Saba Jibril     KSIRS     Budo Egba     Olukotun Of Ikotun     Baakini     Mumeen Lah     Belgore     Yakub Ali-Agan     Muhammed Abdullahi     NaAllah     Student Learning Support Helpline     Monthly Sanitation Exercise     New Nigeria People’s Party     Ike Ekweremadu     Medinat Folorunsho Salman     Oko-Olowo     Akeem Olatunji     Ilorin South Constituency    

Cloud Tag: What's trending

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

Isiaka AbdulRazaq     Abdulkareem Alabi     Aso Ofi     Emir Of Lafiagi     Saliu Tunde Bello     Femi Oladiji     Laolu Saraki     Quranic Recitation Competition     A.O. Belgore     Atiku     Ajibike Katibi     Abdullahi G. Mohammad     Salihu Ajia     Saheed Akinwumi     Sola Saraki University     Saliu Ajia     Oba Mogaji Abdulkadir     Ajeigbe     ENetSuD     Dapo Teni Nig Enterprise     Public Holiday     CELF     Kwarareports.com     Yusuf A. Usman     Issa Oloruntogun     Sarafadeen Kayode Akorede     Ilorin Emirate Stakeholders Forum     Makama     The Herald     Neuropsychiatric Hospital     Wasiu Onidugbe     Ilorin Metro Park     Ahmad Lawan     Kayode Zubair     Bilikisu Gambari     Kwara State Polytechnic     Ijagbo     Volunteers Of Ilorin Community And The Emirate     Issa Memunat Moyosore     Ekweremadu     Saraki     Shettima     Abdulrauf Aliyu     Mahfouz Adedimeji     Buhari     Bond     Raymond Olaitan     Minimum Wage     Ayodele Olaosebikan     Convocation Ceremonies     Bayo Ajia     Logun     Ayinde Oyepitan     Neo Mundo Ltd     Onilu     Kwara Poly     Chief Imam Of Ilorin     Balogun Fulani     Arinola Lawal     Timothy Olatunde Fadipe     Joseph Yemi Ajayi     John Kehinde Salako     Kumbi Titiloye     Jeunkunu-Malete-Bani     Ahmed Saidu Rufai     Tunji Arosanyin     Share     National Pilot     Fatai Adeniyi Garba     FOMWAN     Local Government     Saad Omo\'ya     Maigida     Ilorin West/Asa Federal Constituency     BIR     Raimi Iyanda     BECE