Kwara, others may get 3rd tranche of Paris Club refund, this week ...as Ahmed, govs meet Buhari, tomorrow

Date: 2017-10-16

The last tranche of the Paris Club loan refund may hit Kwara and other states this week as governors of the 36 states of the country have been scheduled to meet President Muhammadu Buhari in Abuja on Tuesday, over the issue.

National Pilot gathered modalities for the payment is expected to commence when the Minister of Finance, Mrs Kemi Adeosun returns to the country from the United States.

Adeosun is presently in Washington with the Governor of Central Bank, Godwin Emefiele for the 2017 Annual meetings of the International Monetary Fund (IMF) and the World Bank Group but expected to back this week. Recall that the FG released the second tranche in July to states across the federation which totalled N516.38 billion.

The Finance Ministry through a statement by its Director of Press, Salisu Dambatta had said that the release was conditional upon the payment of 50 per cent being applied to the payment of workers' salaries and pensioners. Kwara State got N10.3billion from the release which represented about 25 per cent of its claims as its share of the refunds.

But according to a source who confided in this medium over the issue, the last tranche may be received across the country this week.

The source said the scheduled meeting between President Buhari and the governors is meant to extract some commitment from the latter especially on the issue of payment of workers' salaries and pensions.

"The last tranche of the money should be coming in this week to all the states all things being equal.

The President just wants to extract some commitment from the governors on the issue of payment of salaries and pension which is very critical at this stage.

"You know the first two tranches had not really addressed the salaries of workers and pension and since this is the last tranche, the president feel the need to discuss the issue of salaries of workers and pensioners.

"There is the concern that if the issue of the salaries and pensions is not addressed by the refund, the problem might linger longer than expected which the presidency is trying to avoid.

"So once the Finance Minister returns from her trip, the computation and modalities for payment are expected to be completed and money disbursed to the states," the source added.

Recall that the Kwara State Government said it expended the second tranche of the Paris Club refund in assisting local governments to offset part of their salary arrears and on critical projects. Also, the sum of N3.4bn was released to councils as their share for the first tranche received by the state.

Source

 

Cloud Tag: What's trending

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

Femtech     Voices Of Tomorrow     Plat Technologies Limited     Okala Baba     Aisha Ahman Pategi     Kolawole Bashirat     Tsado Manman     Aliyu Kora-Sabi     Nnazua     Quran     Aliyu Muhammad Saifudeen     Kola Adesina     Okedare     Bamikole Omishore     Aliyu Olatunji Ajanaku     Tunde Saad     ASUU     Law School Scholarship     Haliru Yahaya     Salake     Saka Adeyemo     Sadiq Buhari     Umar Adelodun     TIIDELab     Moji Makanjuola     Halimah Perogi     Aso Ofi     IHS     Islamic Development Bank     Tafida     Rebecca Olanrewaju     Transition Implementation Committee     Taofik Abdulkareem     Abdulrazaq Sanni     Olota Of Odo-Owa     Mahee Abdulkadir     AbdulFatai Adeniyi Dan-Kazeem     Bashir Badawi     TESCOM 2025     Abdulrahman Iliasu     Ibrahim Abduquadri Abikan     Bank Of Industry     Adanla-Irese     NIRSAL     Dan-Kazeem     Jimoh Akani     Saka Keji     Oke-Oyi     Wahab Kunle Shittu     Aremu Bose Deborah     Durosinlohun Kawu     NULGE     Gambari     Ope Saraki     Afolayan     Muslimah Entrepreneurship Forum     Olaosebikan     Olofa Of Offa     Aishat Mohammed Lawal     John Olobayo     Shaykh Luqman Jimoh     Umar Gunu     Olatunde Michaels     Dapo Teni Nig Enterprise     Ayobami Akanbi     Abdulkadir Remi Hawawu     Folorunsho Alao     Roheemat Hammed     Moshood Mustapha     Aminu Adisa Logun     Mukhtar Shagaya     Sodiya     Taofeeq Olateju     Garment Factory     Risikat Lawal     Patience Jonathan     SWAN    

Cloud Tag: What's trending

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

Demola Banu     SSA Youth     Convocation Ceremonies     Bukola Ajikobi     Ishak Mohammed Sabi     Taiwo Joseph     Wahab Olasupo Egbewole     Haliru Yahaya     Saad Omo\'ya     Ayo Salami     Cassava Growers\' Association     Mustapha AbdulGaniyu     Folajimi Aleshinloye     Kumbi Titiloye     Mumeen Lah     Wale Oladepo     International Vocational Centre     Mashood Abdulrafiu Agboola     Air Peace     Oko-Erin     Olukotun Of Ikotun     Matthew Okedare     BECE     Salihu Alhaji Musa     Alaaya     Wahab Kunle Shittu     Javed Khan     Oke-opin     Unilorin FM     Bayo Onimago     Mohammed Lawal     Yahya Mohammed     Shuaib Olarongbe     Olaiya Lawal     Kwara State Internal Revenue Service     AbdulQowiy Olododo     Aliyu Kora-Sabi     Oyedun Juliana Funke     Admiralty Villa     Ashiru     Government High School Adeta     Abdulsalam A. Yusuf     07039448763     Yaru     Matthew Babaoye     Salaudeen Oyewale     Tunji Moronfoye     Abdulrahman Abdulrazaq     Yusuf Babatunde Abdulwahab     Abatemi-Usman     Yemi Sanni     Ilorin Innovation Hub     New Naira Notes     Saad Belgore     School Of Nursing     Assayomo     Adisa Logun     Tunde Yusuf     Earlyon Technologies     Talaka Parapo     Shururat Olatinwo     Mujtabah Bature     Shuaibu Yaman Abdullahi     Oniwasi Agbaye     Ghali Alaaya     Olofa Of Offa     Erubu     Sunday Otokiti     Abdulganiy Abimbola Abdussalam     Ahmed Bolaji Nagode     Ibrahim Oniye     Abubakar Abdullahi Bata     Code Of Conduct Bureau     Eleyele     Aminat Ahmed     Barakat Community Secondary School     Bilikisu Oniyangi