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.

Cassava Growers\' Association     Talaka Parapo     Olatinwo     Col. Taiwo     Maryam Ado Bayero     Durbar Festival     Ibrahim Mohammed     Katibi Ibraheem Adeola     Maryam A. Garuba     Majlis For Sadakah, Zakat And Waqf     Sulu Babaita Isiaka     United Nigeria Airline     Oloruntoyosi Thomas     Monsurat Omotosho     Maimunat Oniyangi     Salmon Babatunde Salmon     Baaziki Sulaiman     Dapo Teni Nig Enterprise     Akeem Lawal     Olatunde Michaels     Nigeria Association Of Women Journalists     KWASIEC     Federal Road Maintenance Agency     Code Of Conduct     Mohammed Abduraheem     Muideen Olaniyi Alalade     Gbemisola Oguntimehin     REO CAKES     Mufutau Olatinwo     Olaiya Victor Mobolaji     Suleiman Mora Omar     Sunset Workers     Moshood Mustapha     Tunji Ajanaku     Sadiq Buhari     Funmilayo Braithwaite     Muhammad Mustapha Suleiman     Olayinka Oladapo Jogunola     Oko-Olowo     JUSUN     Ita-Ore     Rafiu Olasile     Shehu Adaramaja     Barakat Community Secondary School     Olateju Lukman     Salau Kabiru Abdullahi     Abdulrasheed Na\'Allah     Abdulrazaq Akorede     Kubra Kazum     Bola Magaji     Bahago     Kwara State Branch Of The National Library     Aremu Bose Deborah     Bolaji Abdullahi     Abdulrahman Iliasu     Onikijipa     Alabe     Habeeb Abdullahi Al-Ilory     Tsaragi     11th Galadima     Abdulrauf Aliyu     Tafida Of Ilorin     AbdulHakeem Ajibola Akanbi     Mustapha Akanbi     Olubukola Kifayat Adedeji     Isiaka Abdulrazak     Christopher Odetunde     Saad Omo\'ya     Oluwatoyin Lukman     Halimat Yusuf     Oke-Odo     Markaz Arabic And Islamic Training Institute, Agege     Odolaye Aremu     Suwa-Arabs     Binta Abubakar-Mora     George Funsho Adebayo     Kwara Apc    

Cloud Tag: What's trending

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

Oko-Olowo     National Union Of Road Transport Workers     Saliu Shola Taofeek     Lanre Issa-Onilu     Shehu Adaramaja     Saidu Isa     ER-KANG     LEAH Charity Foundation     Patience Jonathan     Abubakar Suleiman     Garba Dogo     Lawal Arinola Kudirat     Kwabes     Gurei     Haliru Dantoro     Ijagbo     Gbenga Awoyale     Ahmad Olanrewaju Belgore     General Tunde Idiagbon International Airport Ilorin     Oke-Kura     Baboko     IHS Towers     Yahaya Muhammad     Abubakar Olusola Saraki     Voices Of Tomorrow     Bayo Mohammed Onimode     Akorede     Baruten     UNILORIN Alumni Association     Farouk Salim     Ijakadi     Ronke Adeyemi     Kumbi Titiloye     Dairo Kunle Paul     Iyiola Oyedepo     Bello Abubakar     Deji Ajani     Okin Malt     Akanji     Alikinla     Alao Ayotunde     Ilorin Likeminds Foundation     Aliyu Adebayo     Abraham Ojo     Maimunat Oloriegbe     Abubakar B.M     Oke-Ode     George Funsho Adebayo     Ileloke     Senior Special Assistant On Student Affairs     State Bureau Of Internal Revenue     Muslim Stakeholders Of Kwara State     Binta Abubakar-Mora     Arandun     Afonja     AbdulRazaq Abubakar Jiddah     Opobiyi     Trade Lenda SME Fair     Taiwo Joseph     Yakubu Dogara     Issa Manzuma     Salihu Ajibola Ajia     TIIDELab     International Aviation College     GGDSS Pakata     Odogun Olushola Gabriel     Veterinary Teaching Hospital     IF-K     Arinola Lawal     11th Galadima     Nigerian Supreme Council For Islamic Affairs     Hikmah AbdulKareem     Student Learning Support Helpline     Abdulrasheed Na\'Allah     Abdul-Rasheed Na\'Allah     Oluwatoyin Lukman     Olabimpe Olani