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.

All Confederation Of Principals Of Secondary Schools     ER-KANG Mining Nigeria Company Limited     Monthly Sanitation     Rasaq Jimoh     Mohammed Yahaya Barki     Modupe Oluwole     Isin     Yusuf Arowosaye     Olaoye B. Felix     Awoye     Oloye     Pategi     Abdullahi Adisa Akodudu     Suleiman Rotimi Iliasu     Olatunji Abdulmumeen     Abdulkadri Ahmad Alaiye     Elelu     RTEAN     Baba Adini Of Kwara State     Balogun Fulani     Omu Aran     Balikis Jawondo     Shehu Adaramaja     Ndama Al-hassan     AbdulHakeem Ajibola Akanbi     Paul Odama     Elekoyangan     Samuel Elizabeth Keatswa     Yusuf Mubarak     National Association Of Nigerian Students     Abubakar Baba Sulaiman     Budo-Egba     Binta Abubakar Mora     Alaiye     Lawal Olohungbebe     Sheikh Ridhwanullah     JAAC     Yoonus Lawal     Ahmed Saidu Rufai     KW-GIS     Kunle Suleiman     Wahab Abayawo     Suleiman Alege Kuranga     Hamidat Sulyman-Yusuf     Olabimpe Olani     Kolawole Bashirat     Abubakar Lah     Waziri Yakubu Gobir     Ben Duntoye     Salman Jawondo     Roheemat Hammed     Tunde Yusuf     Sunday Otokiti     Abdulazeez Uthman     Harafat E. Mukadam     Sheriff Olanrewaju     Ayodele Kuburat Olaosebikan     Sherif Sagaya     Quareeb     Inside Kwara     Ganmo Electricity Sub-Station     Tunde Saad     JAMB     Olokoba     Seni Saraki     Olupako     Smart School     Nigeria Governors\' Forum     Summit University     Oba David Oyerinola Adedunmoye     Oluwarotimi Boluwatife Adenike     Erin-ile     John Kehinde Salako     11th Galadima     Ahmad Fatima Bisola     Kwara Consultative Forum     Owu Fall    

Cloud Tag: What's trending

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

Olatinwo     Elerinjare-Ibobo     Ohoro Of Shao     Biliaminu Aliu     Government Girls’ Day Secondary School Pakata     Guber Aspirant     Balogun Gambari     Abubakar B.M     IQRA College     Sidikat Alaya     Magaji Erubu     SWAN     Saadatu Modibbo-Kawu     Is\'haq Modibbo Kawu     Olanrewju Okanlawon Musa     Taofik Mustapha     Baba Issa Awoye     Olokoba Sulyman     Lola Olabayo     COVID-19 Palliatives     Clement Yomi Adeboye     Kwara State Health Insurance Agency     Bolaji Abdullahi     Olugbense     Ilorin East/South Federal Constituency     Olatunde Michaels     Kumbi Titilope     Salman Suleiman     Maigida Soludero Transit     Moshood Kashimawo Abiola     Adamu Ibrahim Sabi     Aro Yahaya     Ibrahim Taiwo     Bisi Kristien     Kolade Solagberu     Oyeyemi Olasumbo Florence     Umar Sanda Yusuf     Muslimah Entrepreneurship Forum     Ahmed Saidu Rufai     Niyi Ogundiran     Afusat Nike Ibrahim     Kamoru Kadiri     Haashim Initiative For Community Advancement     Ibraheem Adeola Katibi     Alliance For Democracy     Al-Adaby     Maryam A. Garuba     Magaji Are     Abdulrasheed Na\'Allah     Paul Olawoore     Mahee Abdulkadir     Matthew Babaoye     Afolabi-Oshatimehin Adenike Harriet     Jide Oyinloye     ENetSuD     Rashidi Yekini     Sobi     NIPR     Abdulraheem Olesin     Saka Saadu     Toyin Falola     Oloruntoyosi Thomas     Aisha Ahman-Pategi     Oba Of Jebba     Lafiagi     Bond     Abdulmumini AbdulRazaq     Ibrahim Abduquadri Abikan     IPSAS     Jamila Bio Ibrahim     Nigeria Computer Society     Saliu Shola Taofeek     Funmi Salau     Kwasu     Unicontinental Construction Company     Ajidagba     Olokoba