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.

Bisi Oyeleke     Oju Ekun Sarumi     Mujtabah Bature     Funmilayo Isiaka Oniwa     Akanbi-Oke     Ahmed Alhasssan     Special Adviser On Digital Innovation     Olatunji Moronfoye     Bello Oyebanji     Zubair Folorunsho Erubu     Ayo Salami     Solomon Edoja     Charles Ibitoye     Kupchi Hosea Maxwell     AbdulRazaq AbduMajeed Alaro     Ndakene     Abatemi-Usman     IESA     Mohammed Jimoh Faworaja     Funmilayo Oniwa     Roheemat Hammed     Oyun     JMK Construction Company Limited     Inside Kwara     Tunji Arosanyin     Igbaja     Sunday Fagbemi     Pacify Labs     Ibraheem Adeola Katibi     Jumoke Gafar     Lawal Arinola Kudirat     Onilupeju Of Ilupeju     Kale Kawu     Abdulkadri Ahmad Alaiye     Abdulkadir Jimoh     Prince Sunday Fagbemi     Ajia-Bako     Azeez Bello     Societe Generale Bank Of Nigeria     Ridhwanullah Al-Ilory     ASUU     Issa Memunat Moyosore     Government High School Adeta     Kwara State Television (KWTV)     Ayekale     Chief Imam Of Offa     Logun     Chemiroy Nigeria Limited     Gbemi Saraki     20 Billion Bond     Salihu Alhaji Musa     Babs Iwarere     Kwara Consultative Forum     Basit Olatunji     NIPOGA     Shehu Raheem Adaramaja     Oladipo Akanmu Tolani     Temi Kolawole     Oni Adebayo     Isau     Ilorin Emirate Stakeholders Forum     Isiaka Oniwa     Bukola Saraki     Ganmo Electricity Sub-Station     Abdulraheem Yusuf     Oluranti Idowu     Clara Nwachukwu     Solomon Edojah     Kaosarah Adeyi     Imam Gambari     Kwara NIPR     General Tunde Idiagbon International Airport     Smart School     Kwara State Fish Farmers Association     Ekweremadu     Baba Isale     Senate President    

Cloud Tag: What's trending

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

Marafan Shonga     Abdulrahman Abdulrazaq     Ganmo     Tunji Moronfoye     Ilorin Anchor Men And Women     Muyideen Ajani Bello     Oja-Oba     Ilorin Descendants Progressive Union     Olupako Of Share     Jimoh Olusola Imam     Ahmed Alhasssan     United Nigeria Congress Party     Muhammad Fawaz Abubakar     Dauda Adeniran Adeshola     Taibat Ayinke Ahmed     Ibrahim Mohammed     Kazeem Oladepo     Baba Isale     Oko-Erin     Kale Ayo     Timothy Olatunde Fadipe     Oba Abdulraheem     Federal Road Maintenance Agency     IF-K     Abdulfatai Ahmed     Najim Yaasin     Ilesha-Gwanara     Ibrahim Gambari     Abraham Ojo     Abdulahi Abubakar Bata     Oke-Ero     Mohammed Kamaludeen     United Nigeria Airline     Abdulkareem Alabi     Yusuf A. Usman     Oba Abdulkadir La\'aro     Azeez Salawu     Veterinary Teaching Hospital     Mashood Dauda     Taofeek Ibraheem     Ibraheem Abdullateef     Unicontinental Construction Company     Maigidasanma     Aisha Abodunrin Ibrahim     Fatai Olodo     Sa\'adu Gambari     UTME     Yahaya Abdulkareem     Sherif Shagaya     Omoniyi Ayinla     Umar Gunu     Femi Gbajabiamila     Segun Adeniyi     Emir Of Lafiagi     Olatunde Michaels     Amusement Park     Maigida Soludero Transit     Ayedun     Ayodele Shittu     Kunle Okeowo     Ibrahim Abdulkadir Abikan     Oba Of Jebba     Babatunde Ajeigbe     Lanre Badmas     Junior Secondary School Certificate Examinations     Waheed Ibrahim     Balikis Jawondo     Oke-Ogun     General Hospital, Ilorin     Alfa Modibo Belgore     Oloriegbe     Kwara State Pension Board     Taofeek Sanusi     Majlis For Sadaqah, Zakat And Waqf     Sa\'adu Salahu     Gbadeyan Gbadura Yomi     Sheriff Shagaya