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.

Ganiyu Abolarin     Mansur Alfanla     Onilu     Yakubu Danladi     Olabimpe Olani     Fulani     Adamu Attah     Abegunde Goke     Sulyman Age AbdulKareem     Kehinde Boyede     UNILORIN Alumni     Kwha.gov.ng     Yusuf Aiyedun     Amuda Bembe     Modupe Oluwole     Oluronke Adeyemi     Zubair Folorunsho Erubu     Yemi Osinbajo     Association Of Kwara State Online Media Practitioners     Albert Ogunsola     Femi Ogunsola     KFA     John Dara     Ibraheem Adeola Katibi     Saka Abimbola Isau     Taofik Abiodun Ahmed     Woro     Zulu Gambari     Abdulrahman Abdullahi Kayode     Curfew     Bibire Ajape     Kunle Okeowo     Muhammed Abdullahi     National Union Of Road Transport Workers     Islamic Development Bank     Saudat Abdulbaqi     Tunde Akanbi     Hydro-electric Power Producing Areas Development Commission     Millennium Development Goals     Oni Adebayo     Unicontinental Construction Company     Yusuf Ali     Dan Iya     Wasiu Odewale     Code Of Conduct Tribunal     PharmAccess Foundation     Fola Consultant     Haruna Tambiri Mohammed     Sanitation Exercise     Labour Party     Abdulganiy Abimbola Abdussalam     Arca Santa     Salihu Yahaya     Saka Aleshinloye     Fatimat Saliu     Gobirawa     Olumide Daniel Ibitoye     Tosho Yaqub     Rueben Parejo     Saidu Yaro Musa     Volunteers Of Ilorin Community And The Emirate     Seun Bolaji     Jelili Yusuf     Colleges Of Education Academic Staff Union     Shehu Salau     Yusuf Lanre Badmas     AGILE Programme     Aliyu Muhammed     Sanusi Abubakar     Otunba Taiwo Joseph     Ayo Adeyemi     Temitope Ogunbanke     Markaz Arabic And Islamic Training Institute, Agege     Ajuloopin     Amosa     Patigi Regatta     Oloriegbe    

Cloud Tag: What's trending

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

Dan-Kazeem     Abdul Jimoh Mohammed     Christian Association Of Nigeria     Hussein Oloyede     Colleges Of Education Academic Staff Union     Kayode Ogunlowo     Afetu Of Alabe     Agboola Abdulraheem     Ibrahim Mohammed     Abubakar Imam     Oniye     Yetunde Balogun     Raymond Olaitan     Adedipe     Funmi Salau     Sarah Alade     Ojuekun Sarumi     Mohammed Tunde-Jimoh     Emir Of Shonga     Jalala     NULGE     TVC Female National Debate     Ekweremadu     Sabi     Balikis Jawondo     All Peoples Party     Centre For Peace And Strategic Studies     IHS     Nigerian Medical Association     GGDSS Pakata     Sulaiman Gado     School Of Nursing     Simeon Ajibola     Park     Gurei     Ajeigbe     Adamu Jemilat-Baki     Gambari     Naira Redesign     Titus Ashaolu     Guber Aspirant     Taofik Abdulkareem Babaita     Toyosi Thomas     Aso Ofi     Umar Ahmed Gunu     SWAN     Yusuf Amuda Abubakar     Chief Imam Of Lafiagi     Laboratory-to-Product     Saliu Mustapha     Sayomi     Medinat Folorunsho Salman     Adamu Attah     Ishak Mohammed Sabi     A.E. Afolabi     Ahmed Dankaya     Pacify Labs     Oya State     Modupe Oluwole     Salihu S. Yaru     Amos Bajeh     Sanusi Abubakar     Owu Fall     Magaji Erubu     Kpotum Mohammed Baba     Wahab Isa     Sai Kayi     Barakat Community Secondary School     Razaq Ayobami Akanbi     Idi-Ape     Raliat Islamic Foundation     Rafiu Olasile     Nurudeen Muhammed     Amule Elementary School     IYA ALFA NLA     Sodiya     Tayo Awodiji