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.

Tunde Saad     Ilorin Emirate     Sango-UITH Road     Sheikh Ariyibi     Road Transport Employers Association Of Nigeria     Amos Bajeh     Ilota     Taofik Abiodun Ahmed     Universal Basic Education Commission     Babatunde Ishola Babaita     Olomu Of Omu-Aran     Alliance For Democracy     Yeketi     Yusuf Abdulkadir     Yusuf Aiyedun     Code Of Conduct Bureau     Atunwa     Yusuf Amuda Abubakar     Yemi Osinbajo     Ayinde Oyepitan     Laduba     Mope Dasuki Belgore     Oluronke Adeyemi     Senate President     General Hospital, Ilorin     Special Agro-Industrial Hub     Alaro     Pakata Patriots     Otunba Taiwo Joseph     Abioye Bello     Gbugbu International Market     Bolaji Aladie     Police Commissioner     Ahman Pategi     Aminat Omodara     Wahab Femi Agbaje     Kwara University Of Education     Share-Tsaragi     Kwara State Pension Board     Muslim Media Watch Group Of Nigeria     Kwara 2023     Musbau A. Akanji     Shehu Adaramaja     Muyiwa Oladipo Kanu     07039448763     Afolabi-Oshatimehin     Kale Ayo     Mohammed Ibrahim     Jumoke Monsura Gafar     Ndakene     Gobir Organization Foundation     General Hospital, Offa     Omupo     Sulyman Buhari     Kwara State Printing And Publishing Corporation     Wole Oke     Saheed Alakoso     Eleja     Olusegun Adeniyi     Valsolar Consultoria     Just Law Forum     Simeon Sule Ajibola     Mohammed Kamaludeen     Abdulrahman Abdulrazaq     Saeedat Aliyu     Ayodele Olaosebikan     Alfa Belgore     Doyin Awoyale     Susan Modupe Oluwole     Asa     Abdulquawiy Olododo     Bayo Onimago     State Bureau Of Internal Revenue     Ramadan     Facebook     Segun Olawoyin     Ahmad Olayiwola Kamaldeen    

Cloud Tag: What's trending

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

Paul Olawoore     Kwara 2019     Economic And Financial Crimes Commission     Ibrahim Oniye     Government Girls’ Day Secondary School Pakata     Okeose Christian Cementary     Simeon Ajibola     Aisha Gobir     Peter Obi     Funmilayo Zubair     Ramat Oganija     Nigerian Medical Association     KwaraLearn     General Hospital     Joseph Offorjama     Shonga Farm Project     Ariyo     Olota Of Odo-Owa     Kanu Agabi     Lukman Oyebanji Fagbemi     Solomon Edojah     Wahab Abayawo     Oluronke Adeyemi     Katibi Ibraheem Adeola     C2c@kwarastate.gov.ng     Olatunde Michaels     Student Learning Support Helpline     Bayo Mohammed Onimode     Muslim Stakeholders Of Kwara State     Adamu Attah     MalHub     Elerinjare-Ibobo     Mohammed Ibrahim     Abdulrahman Abdulrasak     Ilorin Talaka Parapo (ITP)     Mahe Abdulkadir     Tunde Kazeem     Yusuf Zulu-Gambari     Ajia-Bako     Eghe Igbinehin     TIIDELab     National Union Of Road Transport Workers     Abdullahi Saadudeen Alikinla     Mohammed Yisa     Kehinde Boyede     Tanke Road     Ayo Opadokun     Nigerian Correctional Service     Memunat Monsuma     Timothy Akangbe     Park     Labour Party     AGF Abdulrazaq     Code Of Conduct     Oro Grammar School     Baba Issa     Mogaji Aare     Olupako Of Share     Ndakene     Clara Nwachukwu     JAMB     Sodiya     Magaji Are     Kwara State Sports Commission     Sulyman Buhari     Inside Kwara     Yakubu Danladi     Senior Staff Union Of Colleges Of Education     Matthew Okedare     National Broadcasting Commission     Shehu Alimi Foundation For Peace And Development     Ayo Adeyemi     Oba Sulaiman Asude     Doyin Agbamu     Christopher Odetunde     Iqra Books     PharmAccess Foundation