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.

Joseph Bamigboye     Olabode Towoju     Gobir Organization Foundation     Garba Ado Sanni     Ajase-Ipo     Kwara State Fire Service     Ohoro Of Shao     Jide Ashonibare     International Aviation College     Ibrahim Sulu Gambari     Joshua Adeyemi Adimula     Olaiya Zuberu     Babatunde Idiagbon     Biliaminu Aliu     Wahab Femi Agbaje     Abraysports FC     John Obuh     Rex Olawoye     Hijaab     Raliat Islamic Foundation     Sobi FM     Abdulraufu Mustapha     Segun Abifarin     Funke Adedoyin     Post-utme     Magaji Are     Chief Imam Of Omu-Aran     Abubakar Kawu Baraje     Isiaka Alikinla     Abiodun Jacob Ajiboye     Otoge     Anilelerin     Javed Khan     Sobi     Ubandoma Of Ilorin     Woro     Simeon Ajibola     Maigida Soludero Transit     Salihu Ajibola Ajia     Centre For Digital Economy     Wakilin Mata Lafiagi     Harmony Holdings     IYA ALFA NLA     Awodun     Oladipo Akanmu Tolani     Aliyu Sabi     Ileloke     Hydro-electric Power Producing Areas Development Commission     Baba Isale     Lucky Omoluwa     Tescom.kwarastate.gov.ng     Salihu Yahaya     Isiaka AbdulRazaq     Tsado Manman     Standard Organization Of Nigeria     Logun     Col. Adedipe     Hassan Taiye Salam     Ibrahim Kayode Adeyemi     Hameed Oladipupo Ali     Babaloja-General     Tsaragi/Share     Adamu Atta     Shoprite     Alfa Modibo Belgore     Na\'Allah     Mahmud Ayinla Giwa     Sulu Babaita Isiaka     Aliyu Salihu     Oloyede     Saliu Tunde Bello     Hassan Oyeleke     Jimoh Saadudeen Muhammed     Kwara State Geographic Information Service     Yusuf A. Usman     Baaziki Sulaiman     Trader Moni    

Cloud Tag: What's trending

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

Overland     Sheu Ndanusa Usman     Ajayi Okasanmi     Olatinwo     Ilesha-Gwanara     Adamu Ibrahim Sabi     Mutawalle     Akanji     Ibrahim Gambari     Elelu     Adebayo Salami     Yusuf Abdulkadir     Tinubu     Busari Toyin Isiaka     Hameed Oladipupo Ali     Sarafadeen Kayode Akorede     Lanwa     20 Billion Bond     Dunmade     Amusement Park     Ilesha Gwanara Road     Dan Iya Of Ilorin     School Of Nursing     Admiralty Villa     Dan-Kazeem     Egbejila     Quran     Alaro     Joseph Bamigboye     Baruba     International Vocational Centre     Innocent Okoye     Erin-ile     Fatimat Saliu     Egbewole     Oke-Ode     Bayo Ajia     Dasuki Belgore     Yusuf Mubarak     Christopher Odetunde     Umar Bayo Abdulwahab     Olateju Lukman     Public Holiday     Illyasu Abdullahi     Moronfoye     Lithium Deposit     Muslimah Entrepreneurship Forum     Doyin Agbamu     Agboola Abdulraheem     Neuropsychiatric Hospital     Mansurat Amuda-Kannike     Alfa Yahaya Road     Sango-UITH Road     Timothy Akangbe     Atiku Abubakar     Mutawali     Gbadeyan Gbadura Yomi     Sulu Babaita Isiaka     Abdulazeez Arowona     SAPZ Project     Kwara State Internal Revenue Service     Sa\'adu Gambari     Amusa Bello     Ganmo Power Sub-Station     Ganmo Electricity Sub-Station     Suleiman Abubakar     Hikmah AbdulKareem     Patigi Regatta     Oke Sunna     Seed Technologies     Elewu     Olayinka Oladapo Jogunola     Gbenga Awoyale     Omoniyi M. Ayinla     Kayode Ibrahim     Centre For Community Empowerment And Poverty Eradication     Mamman Saba Jibril