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.

Ahmed Alhasssan     Kumbi Titilope     ENetSuD     Jawondo     Olokoba     Awili Pedro     Saeedat Aliyu     Moro     Muhammed Mahe Abdulkadir     Sabi     Arinola Lawal     Kwara State Health Insurance Agency     Danladi     Usman Rifun     AGM Professional Services     Tope Daramola     Aliyu Alhassan     Abubakar Olusola Saraki     Y.A. Abdulkareem     Abdulmajeed Abdullahi     Jimba Babatunde     Smart School     Federal College Of Education (Special), Afon     KWASIEC     Olaitan Buraimoh     Abdulrazaq Adebayo     Kunbi Titiloye     Florence Saraki     National Association Of Nigerian Students     Ibrahim Gambari     Ilorin General Hospital     Abubakar Kawu Baraje     Ibraheem Adeola Katibi     Raliat Islamic Foundation     Ogidi-Oloje     Yashikira     Saliu Tunde Bello     Oyedepo     Ike Ekweremadu     Leke Ogungbe     PharmAccess Foundation     Oba David Oyerinola Adedunmoye     Abdulrahman Iliasu     Abdulkadir Akanbi-Oke     Sambo Murtala     Abdullahi Atanda     Oba Abdulkadir La\'aro     NaAllah     Yusuf Amuda Abubakar     Yahaya Muhammad     Ahman Pategi University     HYPPADEC     Jumoke F. Ajao     Kwara Liberation Group     Ganiyu Abolarin     Kwara State Internal Revenue Service     Medinat Folorunsho Salman     Usman Yunusa     Aiyedun     Academic Staff Union Of Universities     Olabode Towoju     Ishaq Oloyede     Yoonus Kola Olatinwo     Students Union Government     Alagbado     Balogun Ajikobi     Agbarere     Quareeb     Ibrahim Abdulqadir Abikan     AbdulRasaq Abdulmajeed Alaro     Balogun Fulani     Jimoh Lambe Abdulkareem     Adijat Adebiyi     Adanla-Irese     Mansur Alfanla     Otunba Taiwo Joseph     Baba Isale    

Cloud Tag: What's trending

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

Bayo Ojo     National Broadcasting Commission     Kayode Ishola     Edret Sabi Abel     Kayode Oyin-Zubair     Salman Alada     Segun Abifarin     Ayodele Kuburat Olaosebikan     2023 Elections     Zara Umar     Odolaye Aremu     Kwara State Government     Bola Ahmed Tinubu     Yusuf Abdulkadir     08001000100     Ayo Opadokun     Alagbado     Azeez Salawu     Segun Olawoyin     Kwara State University Of Education     Isaac Aderemi Kolawole     Yusuf A. Usman     Tunde Idiagbon Road     Muhammed Abdullahi     Memunat Monsuma     Abdulrauf Aliyu     Mansurat Amuda-Kannike     Jani Ibrahim     Patigi Regatta     SSA Youth     Tunji Arosanyin     Saliu Mustapha     Opolo Global Innovation Limited     Suleman Abubakar     Damilola Yusuf Adelodun     Revenue Court     David Oyedepo     Kwara Muslim Pilgrims Welfare Board     Olupako Of Share     Kanu Agabi     Waziri Yakubu Gobir     Offorjama     Olugbense     Yoonus Kola Olatinwo     James Ayeni     BIR     Abubakar Bature Sulu-Gambari     IHS Towers     Bola Olukoju     Malete     Share     Abdulkarim Adisa     Ajibola Ademola Julius     Ilota     Colleges Of Education Academic Staff Union     Saidu Kawu     Shehu Alimi Foundation For Peace And Development     Isiaka Alikinla     Senior Ibrahim Suleiman     Kwara South     CT Ayeni     Jumoke F. Ajao     Saliu Shola Taofeek     Mohammed Danjuma     Olabimpe Olani     Bamidele Adegoke Oladimeji     Hamidat Sulyman-Yusuf     Salake     Bukola Ajikobi     Abdulrasheed Na\'Allah     CKNG     Amuda Bembe     AGILE Programme     Ahmed Bayero     Bayo Onimago     Yakub Ali-Agan     Ilorin.Info