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.

Muslim Media Watch Group Of Nigeria     Ministry Of Women Affairs And Social Development     Aliyu Olatunji Ajanaku     Coronavirus     Pacify Labs     KSIRS     Savannah Centre For Diplomacy, Democracy And Development     Abdullahi Atanda     Saadu Yusuf     Surajudeen Akanbi     Ilorin General Hospital     Mustapha Akanbi     Kayode Ogunlowo     Bank Of Industry     NULGE     Vasolar-Kwara Company Ltd     Jani Ibrahim     Sulyman Atolagbe Alege     Apata Ajele Secondary School     Maja     Abdulrauf Aliyu     Jide Ashonibare     Kwara State Geographic Information Service     Sherif Sagaya     Dunmade     Markaz Arabic And Islamic Training Institute, Agege     Emir Of Kano     Umaru Saro     Taofik Abiodun Ahmed     Kayode Yusuf     Ishaq Salman     Rabiu Kwankwaso     Adaramaja     Temi Kolawole     Kwara State Coalition Of Business And Professional Associations     Yahaya Jibril Usman     National Party Of Nigeria     Iponrin     Khadijat Ayoola Yusuf     KW-GIS     Olabimpe Olani     Olatunji Moronfoye     Razaq Ayobami Akanbi     Olufolake Abdulrazaq     Ahmed Shuaib Buranga     Aliyu Muyideen     Olaoye B. Felix     Pakata     Nigeria Foundation For Artificial Intelligence     Kayode Ishola     SAPZ Project     Ramadhan     SSUCOEN     Sulyman Buhari     Computer Based Test     Abdullah Janet Amudat     Sa\'adu Salau     Gurei     Kwara Polytechnic     Ophthalmological Society Of Nigeria     Kwara State Health Insurance Agency     Oyelere Oyinloye     Agboola Abdulraheem     Yinka Aluko     Hassanat Bello     Sobi Specialist Hospital     Shuaib Olarongbe     Olaitan Adefila     Face Masks     Abdulganiyu AbdulAzeez     Olanrewju Okanlawon Musa     Awodun     Ibrahim Abikan     Yusuf Lawal     Saka Asiat Ayinke     Kola Adesina     James Kolo    

Cloud Tag: What's trending

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

Sidikat Uthman Ajibola     Isiaq Khadeejah     IPSAS     Shettima Of Ilorin     Abdulrosheed Okiki     Vasolar Consultoria     Ilorin General Hospital     Atiku Abubakar     Savannah Centre For Diplomacy, Democracy And Development     Oni Adebayo     Maimunat Oloriegbe     Ilorin South Constituency     Oba-Solagberu     Kulende-UITH     Omotoso     Yusuf Mubarak     Gbenga Olawepo     Ilorin Descendants Progressive Union     Taofik Abdulkareem Babaita     Tsaragi/Share     Shonga     CBT     Kawu     Ben Duntoye     Bello Oyedepo     Share-Tsaragi     Aremu Bose Deborah     MAI Akande     Tsaragi-Share     Olumide Daniel Ibitoye     Admiralty Villa     Ilorin Water Reticulation     Abubakar Bature Sulu-Gambari     Ajeigbe     Hassan A. Saliu     Sola Saraki Educational Foundation     Halimat Yusuf     Sobi FM     Olatunji Abdulmumeen     Shururat Olatinwo     Kola Olota     Lawan     Oke-Ode     PAACO-PCL Consortium     Abdulrazaq Sanni     Sola Saraki University     Police Commissioner     Kwara State Television (KWTV)     Moses Rahman Popoola     Bashirat Bola Bello     Khairat Gwadabe     Chikanda     Kola Bukoye     Earlyon Technologies     Moses Salami     Tunji Arosanyin     Bola Tinubu     Muideen Olaniyi Alalade     Amada Jidda     Onikijipa     Oluwatoyin Lukman     Muritala Olarewaju     GRA     Kayode Oyin-Zubair     Abdulwasiu Bolaji Adeyi     Universal Basic Education Commission     Abdulwahab Olarewaju Issa     Folorunsho Erubu     Balikis Jawondo     Post-utme     Ajidagba     Hakeem Idris     Adamu Attah     Eghe Igbinehin     Offa Poly     Durbar     Ayodele Kuburat Olaosebikan