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.

Shade Omoniyi     Abdulrazaq Solihudeen     John Dara     Afetu Of Alabe     Elerin Of Erin-Ile     Mashood Abdulrafiu Agboola     Ridhwanullah Al-Ilory     Iyabo Adisa Ibiyeye     Sunday Popo-Ola     Kunle Akogun     Mohammed Abdulahi     Madawaki     Bolaji Aladie     Kazeem Adekanye     Garment Factory     Sai Kayi     Damilola Yusuf     Hydroelectric Power Producing Areas Development Commission     Freshvine Nigeria Limited     Millennium Development Goals     KWASEIC     Quranic Recitation Competition     Oyawoye     Saka Adeyemo     Susan Modupe Oluwole     Reuben Paraje     Ejidongari     Shehu Adaramaja     Egbewole     Kwara Poly     Abdulrasheed Lafia     Yusuf AbdulRasheed     Kwara Polytechnic     COEASU     Y.A. Abdulkareem     Olayinka Are     Senior Staff Union Of Colleges Of Education     Ballah     Abubakar Aliagan     Shagari     Sabi     Raheem Adaramaja     Abdulrosheed Okiki     Owode Market     Razaq Ayobami Akanbi     Sabi     Abdulkarim Adisa     Muhammad-Mustapha Suleiman     Bamidele Adegoke Oladimeji     Henry Makinwa     Saka Balikis Kehinde     Face Masks     Ethical College     Idi-Ape     Samuel Adaramola     KWACOBPA     International Aviation College     Kawu Baraje     Abiodun Musa Aibinu     Waziri Yakubu Gobir     Tunde Idiagbon Road     Otunba Taiwo Joseph     Ojuekun     Bukola Ajikobi     Olatinwo     Titus Ashaolu     Dapo Teni Nig Enterprise     Muazam Nayaya     Aremu Bose Deborah     Zainab Abass     Igbomina     Monthly Sanitation     Kwara NIPR     Abiodun Jacob Ajiboye     Joseph Bamigboye     Micheal Imodu-Ganmo Road     Olatunji Moronfoye    

Cloud Tag: What's trending

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

Fulani     Oniyangi Kunle Sulaiman     Falokun-Oja     Magaji Nda     Lanre Aremu     Minimum Wage     Toyin Olayinka Tejidini     Ezekiel Yissa Benjamin     Olubukola Kifayat Adedeji     AGILE Programme     N-Power     Popo-Igbonna     Tayo Alao     Abubakar Baba Sulaiman     Razaq Ayobami Akanbi     Abatemi Usman     Shagari     Share     Ibrahim Abikan     IYA ALFA NLA     Raimi Iyanda     Hajj     Kwara Hotel     Shururat Olatinwo     Basit Olatunji     Taofeek Ibraheem     Titus Suberu-Ajibola     KWIRS     Mahe Abdulkadir     Ahmed Mohammed Rifun     Wahab Abayawo     GRA     Zainab Abass     Fatimah Abdulkadir     Olokoba Sulyman     Babajide Ajayi     Women For Change And Development Initiative     Odo-Owa     Cornelius Fawenu     Democracy Day     Toyin Saraki     Ijakadi     Yemi Sanni     Isaac Aderemi Kolawole     Halimah Perogi     Olayinka Olaogun     Waziri Yakubu Gobir     Idris Garba     Harafat E. Mukadam     Rafiu Ibrahim     Oladipo Akanmu Tolani     Quareeb     Oyun     Bayer Nigeria Limited     Col. Adedipe     Yekini Adio     Oko     CCEPE     Ramadhan     Alapado     Kayode Oyin-Zubair     Ghali Alaaya     Joseph Alex Offorjama     Aminat Ahmed     BIR     Abdullah Janet Amudat     2023 Elections     Ilorin International Airport     Abdulkadri Ahmad Alaiye     Simon Sayomi     Omotoso Musa     Kwara Basketball Association     Marafan Shonga     David Oyedepo     Yakubu Dogara     NSCIA     Nigerian Correctional Service