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.

Abdul-Rahoof Bello     Amule Elementary School     Colleges Of Education Academic Staff Union     Kazeem Oladepo     Jaiz Bank     Suleiman Ajadi     John Dara     Hamid Bobboyi     Mope Dasuki Belgore     Muhammad-Mustapha Suleiman     Olatunji Abdulmumeen     Olabimpe Olani     Quranic Recitation Competition     General Hospital     Yusuf Olaolu Ali     Ayodele Kuburat Olaosebikan     Noah Yusuf     Lanre Jimoh     N-Power     Aminu Adisa Logun     Abdulkareem Alabi     Ayotunde Emmanuel Alao     Coalition Of Kwara North Groups     Okedare     Afolabi-Oshatimehin Adenike Harriet     Kassim Babamale     Turaki     Kwara Politics     Agboola Abdulraheem     First Lady     Yusuf Ibitokun Sherifat     Ibraheem Abdullateef     Abubakar Suleiman     Shehu Alimi Foundation For Peace And Development     Kumbi Titilope     Gbenga Adebayo     Musa Alhassan Buge     PAACO-PCL Consortium     Federal Road Maintenance Agency     Maja     Yahaya Muhammad     Gbugbu International Market     RTEAN     Ayekale     Yusuf Abdulkadir     Rashidi Yekini     Fatimah Abdulkadir     Eghe Igbinehin     Oniyangi     University Road     Kolawole Bashirat     Facemasks     Ayinde Oyepitan     Mary Kemi Adeosun     Kwara State Pension Board     Sardauna Of Ilorin     MalHub     Aminat Omodara     Bashiru Makama     Maimunat Oniyangi     Orire     Ramadan     Umar Yakubu Jaja     Umar Danladi Shero     Paul Olawoore     Oyelere Oyinloye     Folorunsho Erubu     Aliyu Alhassan     Habeeb Abdullahi Al-Ilory     Offorjama     Ilorin International Airport     Olatunji Moronfoye     Obuh     Shettima Of Ilorin     Joseph Bamigboye     Share-Tsaragi     National Democratic Congress    

Cloud Tag: What's trending

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

Saliu Mustapha     Saliu Oluwole     Anilelerin     EFCC     Yakubu Shaaba     Umar Yakubu Jaja     Iyaloja-General     Demola Banu     Garuba Alikinla Shittu     Rafiu Ajakaye     Oni Adebayo     Balogin Alanamu     Azeez Bello     Gwanara     Turaki Of Ilorin     Lafia Aliyu Korasabi     Ganiyu Abolarin     Ganmo     IF-K     Saadatu Modibbo-Kawu     Hassan Taiye Salam     Awwal Jawondo     Azeez Salawu     Abdulrazaq Akorede     Ajibike Katibi     Valsolar Consortium     Saadu Yusuf     Coalition Of Kwara North Groups     Sango-UITH Road     Mohammed Lawal Bagega     Obayomi Azeez     Agbarigidoma     Alikinla     Salihu Ajibola Ajia     Femtech     Computer Based Test     Kazeem Adekanye     Irepodun     Sodiya     Suwa-Arabs     Oyedepo     Yusuf Olaolu Ali     Adebayo Salami     Kwara State Television (KWTV)     General Hospital     AbdulFatai Adeniyi Dan-Kazeem     Bashir Adigun     Oyelere Oyinloye     Henry Makinwa     Yusuf Zulu-Gambari     Daud Adeshola     Village Alive Development Association     Femi Ogunsola     Yahaya Abdulkareem     Abdulfatai Baakini     Oke-Kura     Garba Ayodele Wahab     Maryam Ado Bayero     Joseph Offorjama     Najim Yaasin     Gabriel Fashanu     Isiaka Gold     Abdulmumini Sanni Jawondo     John Olajide Adedipe     Saliu Ajibola Ajia     Galadiman Ngeri     NULGE     CLAY POT     Olaiya Zuberu     GANZY     BIR     Ballah     International Public Sector Accounting Standards     Ramat Oganija     Kwara Restoration Project     Abdulkadir Akanbi-Oke     AGILE Programme