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.

Opolo Global Innovation Limited     Oko-Olowo     Olaiya Lawal     Muazam Nayaya     Mohammed Danjuma     Hamidat Sulyman-Yusuf     KWIRS     Mahmud Ajeigbe     Oba-Solagberu     Sidikat Alaya     Raliat Islamic Foundation     IYA ALFA NLA     Suraj Tunji Oyewale     Raliat AbdulRazaq     Manzuma     Quranic Recitation Competition     Kunle Suleiman     UNIFEMGA     Isiaka Yusuf     Government Girls’ Day Secondary School Pakata     Ola Falade     Amule Elementary School     Saad Omo Iya     Rabiu Kwankwaso     Abdulrasheed Akogun     Ibrahim Oloriegbe     Apaokagi     Oyun     Orire     Senior Staff Union Of Colleges Of Education     Dan Iya Of Ilorin     Dar-Al-Handasah Consultants Ltd     Aliyu Kora-Sabi     Funmilayo Zubair     Mohammed Katsina Ahmed     JAAC     COVID     Muftau Akanbi Oke     Jani Ibrahim     Taibat Ayinke Ahmed     Chemiroy Nigeria Limited     Abdulwahab Olarewaju Issa     NTA Ilorin     Fatai Adeniyi Garba     Garba Idris Ajia     Saliu Alamoyo     Bolaji Gambari     Edu     Muyideen Ajani Bello     Okedare     Mutawali Of Ilorin     Saadu Yusuf     Abdulmumini AbdulRazaq     Iyeru Grammar School     Ishola Abdullahi     Ophthalmological Society Of Nigeria     Kolade Solagberu     Economic And Financial Crimes Commission     Abdulkadir Bolakale Sakariyah     Aisha Buhari     CT Ayeni     Gbajabiamila     Ndama Al-hassan     Ganiyu Taofiq     Abdulkadir Jimoh     Michael Imoudu National Institute For Labour Studies     Government High School Adeta     Old Oyo     Maigidasanma     Convocation Ceremonies     Oloyede     Bayo Ajia     Dan Iya     Bolaji Aladie     Laboratory-to-Product     Sardauna     Bio Ibrahim    

Cloud Tag: What's trending

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

Gabriel Fashanu     Awodun     Ilorin South Constituency     Naira Redesign     AGF Abdulrazaq     Sebastine Obasi     Abubakar Baba     Adedipe     Ejidongari     Offa Grammer School     Owo Isowo     Oko-Olowo     Abdulrahman Abdulrazaq     Elelu     Ilorin.Info     Mahmud Babatunde Baker     Abubakar Baba Sulaiman     Edu     KFA     Ibrahim Abiodun     Elese Of Igbaja     Moji Makanjuola     Revenue Court     Ibrahim Abdulqadir Abikan     C2c@kwarastate.gov.ng     Ayodele Kuburat Olaosebikan     Code Of Conduct     Junior Secondary School Certificate Examinations     Olusegun Adeniyi     Kwara     Offa Descendants Union     Oke-opin     Sidikat Alaya     Shagari     Plat Technologies     Mamman Saba Jibril     Abraysports FC     Abiodun Abdulkareem     COVID-19 Palliatives     KWTV     Shonga     Abubakar Kawu Baraje     Aso-ofi     Garba Dogo     Muhammed Mahe Abdulkadir     Yemi Sanni     A.O. Belgore     Solomon Edojah     Musibau Akanji     Sarah Jubril     Ibrahim Labaika     Jumoke F. Ajao     Saka Asiat Ayinke     Salary     Women Radio     Opolo Global Innovation Limited     Farouk Salim     Elerin Of Adanla     Garuba Alikinla Shittu     Edret Sabi Abel     Modibo Kawu     Olaitan Buraimoh     Taofeek Ibraheem     Ghali Muhammed     Adesoye     Abdulganiyu AbdulAzeez     Ibrahim Kayode Adeyemi     Toyin Saraki     Kwara-SAPZ Project     Aliyu Muhammad Saifudeen     Presidential Election     Ramat Oganija     Akume     Oloriegbe     Federal Neuro-Psychiatric Hospital     March 28     Okanlawon Musa