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.

Ella Supreme Tissue Paper     Abdulrasheed Lafia     Musbau A. Akanji     Olupako Of Share     COVID-19 Palliatives     John Olajide Adedipe     Bamidele Aluko     Ahmed Dankaya     Inside Kwara     Edu     Abdullahi Imam Abdullahi     Salihu Ajibola Ajia     Yakub Ali-Agan     Kwara Volleyball Association     Kaosarah Adeyi     Musa Ayinla Yeketi     Omupo     Jamiu Oyawoye     Aminu Ado Bayero     Public Holiday     Ajeigbe     Ebola     Ajayi Okasanmi     Kwara State University Of Education     Raliat AbdulRazaq     Aso Ofi     Iyeru Grammar School     Haruna Olawale Sulaiman     Oniyangi     Presidential Election     Oke Sunna     SWAN     Kwara 2023     Federal College Of Education (Special), Afon     Elerinjare-Ibobo     Yakubu Gobir     Kwara Coalition Of Business And Professional Associations     Ajakaye     Ahmed Idris Mohammed     Ghali Alaaya     Adesoye College     Ilorin East/South Federal Constituency     Bola Magaji     AbdulRahman Saad     Kazeem Oladepo     Mufutau Gbadamosi Esuwoye     N-Power     Offorjama     Yusuf Abdulraheem     Ajike People Support Centre     Taofeek Ibraheem     Bolakale Kawu Agaka     Zara Umar     Onilorin     Kwara State Geographic Information Service     3MTT     Akeem Lawal     Saliu Ajibola Ajia     Niguel Gallando Marcias     Age AbdulKareem     Olusegun Adeniyi     Abdullahi Biffo     Habeeb Abdullahi Al-Ilory     08001000100     Abdullahi Adisa Akodudu     Raliat Elelu-Habeeb     Ilorin Like-Minds     Gbenga Adebayo     James Kolo     Oba Sulaiman Asude     Ibraheem Adeola Katibi     Adamu Atta     Riskat Opakunle     Abatemi Usman     Farouk Salim     Olatunji Moronfoye     Shehu Jimoh    

Cloud Tag: What's trending

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

Admiralty Villa     Akanbi-Oke     Sherif Shagaya     Tunji Ajanaku     Hamidat Sulyman-Yusuf     NYSC     Muslim Media Watch Group Of Nigeria     International Aviation College     Ibrahim Akaje     Donatus Ejidike     Kwara State Pension Board     Abdulbaqi Jimoh     International Vocational Centre     Amuda Musbau     AbdulGaniyu Kareem     Saba Jibril     Alliance For Democracy     Split Diamond Interchange     Binta Sulyman     Oniwa     Yomi Ogunsola     African Democratic Congress     Ibrahim Kayode Adeyemi     Obayomi Azeez     Countryside Emerging Leaders Fellowship     Sherif Sagaya     Buari Edun     Boko Haram     Ifelodun     Oko     Ahman Pategi University     SAPZ Project     Durosinlohun Atiku     Abdulrazak Shehu Akorede     MMWG     Matthew Okedare     Ilesha-Baruba-Gwanara     Aremu Bose Deborah     Folaranmi Aro     Ahmed Bolaji Nagode     Ella Supreme Tissue Paper     Alimi Abdulrazaq     Wakilin Mata Lafiagi     Asiwaju Bola Tinubu     ER-KANG     Tsado Manman     Abdulkareem Alabi     Awwal Jawondo     Akeem Lawal     Yakubu Shaaba     Ajayi Okasanmi     Abdulrazaq Akorede     Tsaragi     Issa Manzuma     Yusuf Arowosaye     John Olajide Adedipe     Adesina Simon Sodiya     Abdulfatah Ahmed     AGILE Programme     Lafiagi     Ambassador Kayode Laro     Aasiyat Bello Oyedepo     Gafaru Olayiwola Olorisade     Col. Ibrahim Taiwo     Read With Me     Kwara Basketball Association     Mohammed Ghali Alaaya     Kayode Zubair     Mufutau Olatinwo     April 11     EndSARS     Agboola Abdulraheem     Junior Secondary School Certificate Examinations     Mahee Abdulkadir     Ilorin Airport     ITP     Oyedepo