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.

Toyin Saraki     Bamidele Aluko     SSA Youth Engagement     Abdulfatai Salman Baakini     PPS     Abdul Jimoh Mohammed     Ibrahim Taiwo Road     Democracy Day     Muslim Cementary     A.E. Afolabi     Rotimi Oyedepo     Royal FM     Abubakar Atiku     Hassan Taiye Salam     Kwara 2015     Kayode Oyin Zubair     Bolaji Aladie     Niyi Ogundiran     Abdulrauf Yusuf     Ilorin General Hospital     Ndama Al-hassan     Olatunde Olukoya     Funmilayo Braithwaite     Bareke     Lanre Issa-Onilu     Iliasu     Quareeb Islamic Association     Oloruntoyosi Thomas     Shero     Elerin Of Erin-Ile     Oko-Erin     Lotus Bank     Awwal Jawondo     Innocent Okoye     Abdullahi Samari     Samuel Adaramola     Islamic Development Bank     Abdullahi Imam Abdullahi     Arik     Fola Consultant     Marafan Shonga     Coalition Of Kwara North Groups     Pilgrims Board     Fatima Abolore Jimoh     Mubarak Oladosu     Muyiwa Oladipo Kanu     Ajibola Ademola Julius     Saliu Tunde Bello     Isaac Gbenle     Folaranmi Aro     Joana Nnazua Kolo     Aliyu Adebayo     Baboko Primary School     Baba Issa Awoye     Sarkin Malamai     SUBEB     Abdulganiyu AbdulAzeez     Turaki Of Ilorin     Sunday Fagbemi     SSUCOEN     Agbarigidoma     Afetu Of Alabe     Kwara State Television (KWTV)     Ilorin Emirate Staff Association     PAACO-PCL Consortium     Bankole Omisore     Solomon Edojah     Olosi Of Osi     Sango-UITH Road     Senior Staff Union Of Colleges Of Education     Ayegbeni     Muslim Media Watch Group Of Nigeria     Samuel Elizabeth Keatswa     Ibrahim Taiwo     Mohammed Abdulahi     State Bureau Of Internal Revenue     Saka Balikis Kehinde    

Cloud Tag: What's trending

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

Olabode Towoju     Ibrahim Oniye     Suwa-Arabs     Abdulrahman Abdulrazak     S.O. Opowoye     Gbugbu     Segun Olawoyin     Aliyu Adebayo     Busari Alabi Alausa     Students Union Government     New Model Police Station     Joseph Yemi Ajayi     Emir Of Ilorin     Suleiman Rotimi Iliasu     Borgu     Afusat Nike Ibrahim     Col. Adedipe     Tunde Mukaila Mustapha     Moses Afolayan     Ilorin Airport     Mansur Alfanla     Sherif Sagaya     Muslim Stakeholders Of Kwara State     Mohammed Jimoh Faworaja     Isapa     NYSC     Local Government Pension Board     Mansurat Amuda-Kannike     Busari Toyin Isiaka     MalHub     Abdulmumini Sanni Jawondo     Ahmad Ali     Ahman Pategi University     Ilorin South     Code Of Conduct     Government Girls’ Day Secondary School Pakata     Umar Danladi Shero     Jelili Yusuf     Budo-Egba     Yakubu Gobir     Oba Abdulrahim     Sheikh Ridhwanullah     ASMAU PLAZA     Lanre Badmas     Igosun     Oloriegbe     Just Event Online     Babaita     Pakata     Gobirawa     Bello Abubakar     Omotoso     Aisha Ahman Pategi     Nigerian Army     Abdulkadir Bolakale Sakariyah     Durbar Festival     Ghali Alaaya     Kunbi Titiloye     T And K FOODS     Oba David Oyerinola Adedunmoye     Twitter     Oba-Solagberu     Abdulkareem Alabi     Ibrahim Abdullahi     James Kolo     Maja     April 11     Sardauna Of Ilorin     Yusuf Ali     Ahmed Ayinla Jimoh     Niyi Ogundiran     Bolakale Kawu Agaka     Yahaya Jibril Usman     Yomi Adeboye     Zainab Abass     Oba Abu     VADA