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.

KWASEIC     Ibrahim Oloriegbe     Henry Makinwa     Ambassador Kayode Laro     Bukola Saraki     Kaosarah Adeyi     Musa Aibinu     AGF Abdulrazaq     Busari Toyin Isiaka     Alore     Arik     Roseline Oni Aremu     Abdul-Rasheed Na\'Allah     Kwara State Printing And Publishing Corporation     Sunset Workers     Shuaib Boni Aliyu     Hamidu Olowo     Paul Olawoore     Memunat Monsuma     Ibrahim Issa Jetti     Monkey Pox     Ibrahim Gambari     Bashir Badawi     Benin Republic     Mohammed Abduraheem     Kwara State Television     Wahab Olasupo Egbewole     Raymond Olaitan     Salaudeen Oyewale     Samuel Elizabeth Keatswa     Mufti Of Ilorin     Muftau Akanbi Oke     Theophilus Oyebiyi     Onilu     Babs Iwarere     CT Ayeni     Abraham Ojo     Old Oyo     Nigeria Foundation For Artificial Intelligence     Yakubu Dogara     Plat Technologies     Raji Ayodele Kamaldeen     Adeniyi Ojo     Joshua Adeyemi Adimula     Yomi Adeboye     NURTW     Matthew Okedare     Balogun Fulani     Ilorin East     Afetu Of Alabe     KWATMA     Vasolar-Kwara Company Ltd     Diagnostic Centre     Abdulrahman Abdulrazak     Yusuf Ali     Rihanat Ajia     Olukotun Of Ikotun     Ronke Adeyemi     Amos Sayo     Ijagbo     Ibrahim Orire     Prince Bola Ajibola     Razaq Atunwa     Lola Ashiru     Haashim Initiative For Community Advancement     Idowu Laro     Ghali Alaaya     AbdulQowiy Olododo     Curfew     MalHub     Just Law Forum     Government Girls’ Day Secondary School Pakata     Abdulganiy Abimbola Abdussalam     Ibraheem Adeola Katibi     Yusuf Amuda Abubakar     Ahmed     Bashir Omolaja Bolarinwa    

Cloud Tag: What's trending

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

Saadu Alanamu     Sanusi Abubakar     Lanre Jimoh     Yoonus Lawal     Amasa     Abdulraheem Olesin     Emir Of Lafiagi     Oloruntoyosi Thomas     Monthly Sanitation Exercise     Just Event Online     Hydroelectric Power Producing Areas Development Commission     Ashiru     Revenue Court     EFCC     Col. Adedipe     Olofa Of Offa     Abdulquowiyu Olododo     National Pilot     Lafia Aliyu Korasabi     Tunde Idiagbon Road     Cassava Growers\' Association     Economic And Financial Crimes Commission     CKNG     New Model Police Station     Trade Lenda SME Fair     Olayinka Jelili Yusuf     Laduba     Kwara South     Rafiu Ibrahim     Taibat Ayinke Ahmed     Alimi Abdulrazaq     Kupchi Hosea Maxwell     Al-Hikmah Radio     Yinka Aluko     Isiaka Danmeromu     Quarry Royal Valley     Peculiar Allowance     Kulende     CCT     Coalition Of Kwara North Groups     Folaranmi Aro     Abdulrazaq Aiyelabegan     Dan Iya     Ahmed Bayero     Abdulkadir Orire     Kwara 2023     Islamic Development Bank     Shaaba Lafiagi     Amosa     Olatunji Bamgbola     Saadu Gbogbo Iwe     Abdulfatai Salman Baakini     Jawondo     Press Release     Emmanuel Olatunji Adesoye     Lanre Aremu     Mohammed Alabi Lawal     Association Of Kwara State Online Media Practitioners     Adebara     Bilikis Oladimeji     Oju Ekun Sarumi     Justina Oha     Bureau Of Lands     Standard Organization Of Nigeria     Apaola     CELF     NURTW     Abegunde Goke     Balogun Gambari     Tunde Oyawoye     Aliyu Salihu     Oba Abdulrahim     Anilelerin     Olatinwo     Arinola Fatimoh Lawal     Sango-UITH Road     Ibrahim Mashood