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.

Oko-Erin     Muyiwa Oladipo Kanu     Laboratory-to-Product     Yusuf AbdulRasheed     Olaosebikan     Nigeria Foundation For Artificial Intelligence     Ubandawaki     Igbaja     Doyin Awoyale     Cassava Growers\' Association     Kanu Agabi     Mumeen Lah     Sarah Alade     Ebun-Olu Adegboruwa     Saka Adeyemo     Public Holiday     Ajibola Ademola Julius     Tunde Idiagbon Road     Oloruntoyosi Thomas     Oasis Muslim Care Foundation     Salihu S. Yaru     Law School Scholarship     Freshvine Nigeria Limited     Harrison Osauwagboe     Bello Taoheed Abubakar     Yusuf Olaolu Ali     Seed Technologies     Dorcas Afeniforo     Photo News     Sulu Gambari     Ilesha-Baruba     Share     Ayodele Olaosebikan     Bisi Kristien     Saka Isau     Ayo Opadokun     Olatunde Jare     Alabi Olayemi Abdulrazak     Federal Allocation     Afolasade Opeyemi Kemi     Mohammed Ghali Alaaya     Kwara State Health Insurance Agency     Oluronke Adeyemi     Senior Ibrahim Suleiman     Senate President     ER-KANG Mining Nigeria Company Limited     Muyideen Ajani Bello     Ghali Alaaya     Olam Food Ingredients     Abdulhakeem Amao     Lateef Ademola Olatunji     Omu Aran     Bayer AG     Asa LGEA School     Haashim Initiative For Community Advancement     Aminu Ado Bayero     KWSUED     Obuh     Ilorin Central Mosque     Neuropsychiatric Hospital     Bilikis Oladimeji     Shaaba Lafiagi     Samuel Adedoyin     2017 Budget     Hassan Oyeleke     Hussein Olokooba     Lithium     Abdullahi Saadudeen Alikinla     Ubandoma Of Ilorin     Osinbajo     Egbewole     Joseph Yemi Ajayi     Yoonus Kola Olatinwo     Abubakar Abdullahi Bata     Laduba     Issa Baba     Adanla-Irese    

Cloud Tag: What's trending

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

Seni Saraki     Abdulganiyu Oladosu     Salau Kabiru Abdullahi     Kawu Baraje     Na\'Allah     TESCOM 2025     Ajia-Bako     Isin     Funmilayo Isiaka Oniwa     2017 Budget     Usman Alkali Baba     Ilorin     Yakubu Mohammed Abdullahi     Asiwaju Bola Tinubu     ER-KANG     Onilorin     Popo-Igbonna     Ahmed     GANZY     Yunus Lawal     Apaokagi     Abdulhakeem Adelaja Amao     Ahmad Lawan     Ethical College     Roseline Oni Aremu     Abatemi Usman     Yahaya Seriki Gambari     Muyideen Ajani Bello     Marufat Oladosu     Olaiya Lawal     Ilorin General Hospital     Kwara Consultative Forum     Saadu Gbogbo Iwe     Ilesha Gwanara Road     KW-GIS     Royal FM     Millennium Development Goals     Susan Modupe Oluwole     Aishat Sulu-Gambari     Minimum Wage     Chief Imam Of Offa     Pilgrims Board     Islamic Development Bank     Al-Hikmah University     Cornelius Adebayo     Folashade Omoniyi     Onilupeju Of Ilupeju     Geri-Alimi Split Diamond Interchange     Abdulrahman Abdulrasaq     Ajase-Ipo     MalHub     Kwara United     Just Law Forum     National Information Technology Development Agency     Kisira     Ilesha-Gwanara     Kwara State Governor     Muhammed Aliyu     Salihu Jibril Garbi     Tafida Of Kaiama     Read With Me     Isiaka Yusuf     Hussein Oloyede     Oloriegbe     Funke Adedoyin     Muhammad Fawaz Abubakar     Niguel Gallando Marcias     Yakubu Dogara     Assayomo     New Naira Notes     Abdullahi Saadudeen Alikinla     John Obuh     Tsaragi     Pius Abioje     Minister     Owu Fall     Sango-UITH Road