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.

Sarah Jubril     Abdulwahab Oba     Rabiu Kwankwaso     Saeedat Aliyu     Kola Shittu     Olaiya Lawal     Abdulazeez Uthman     Twitter     Ali Ahmad     Imam Gambari     Isiaka Oniwa     Mazars Consulting     Makama Of Ilorin     Muslim Media Watch Group Of Nigeria     Christian Association Of Nigeria     Galland Marcias     Edu     Amule     Kwara 2015     Emmanuel Olatunji Adesoye     IsDB     Alabi Olayemi Abdulrazak     Gbemi Saraki     Ilorin Talaka Parapo     Elerinjare-Ibobo     Chemiroy Nigeria Limited     Clara Nwachukwu     Sarafadeen Kayode Akorede     Segun Ogunsola     Mohammed Tunde-Jimoh     Madawaki     Oluwole Dupe     Funmilayo Braithwaite     Kolawole Akande     Stephen Fasakin     Lai Gobir     Saheed Akinwumi     Abdulwahab Olarewaju Issa     Yeketi     Kassim Babamale     AGILE Programme     Justina Oha     General Tunde Idiagbon International Airport     Abioye Bello     Bisi Oyeleke     Kwara Teaching Service Commission     Okin Group     Suwa-Arabs     Sulu Babaita Isiaka     Sunday Fagbemi     Erin-ile     IYA YUSUF     Sardauna     TIIDELab     KWACOBPA     Al-Adaby     Babatunde Ishola Babaita     Alapansapa     Kupchi Hosea Maxwell     Salihu S. Yaru     Funmilayo Isiaka Oniwa     Ishaq Oloyede     M.Y. Abdulrahaman     2017 Budget     Siddiq Adebayo Idowu Salawu     Arinola Fatimoh Lawal     Agboola Abdulraheem     Baboko     Christopher Odetunde     Aisha Ahman Pategi     Babaloja-General     Abdulfatai Salman Baakini     Moshood Kashimawo Abiola     Magaji Nda     NTA Ilorin     Aminu Adisa Logun     Adijat Adebiyi    

Cloud Tag: What's trending

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

Kumbi Titiloye     Bola Magaji     Gbemi Saraki     Ado Bayero     Funke Adedoyin     Yakub Ali-Agan     Magaji Erubu     Abubakar Baba Sulaiman     ARMTI     Abiodun Oyedepo     ER-KANG Mining     Kwara State Branch Of The National Library     KSIRS     Damilola Yusuf     Countryside Emerging Leaders Fellowship     Abdulhakeem Adelaja Amao     Umar Sanda Yusuf     Iyaloja-General     TVC Female National Debate     Sobi Hill     Kamoru Kadiri     Asiwaju Bola Tinubu     Oluwole Dupe     Moses Afolayan     Saadatu Modibbo-Kawu     Aisha Ahman Pategi     Ahmad Belgore     Ganmo Electricity Sub-Station     Aminat Omodara     Atiku Abubakar     Isiaka Rafiu Mope     Bayo Ajia     3MTT     Olayinka Are     Gbugbu     Ajayi Okasanmi     Okiki     Labaeka     Alumni Association Of The Federal Polytechnic Offa     Sulyman Age AbdulKareem     COEASU     Abdulrasaq Alaro     Kwara NIPR     Samuel Elizabeth Keatswa     Adesoye College     Abdulrazaq Aiyelabegan     Adesoye     IHS     Muslim Cementary     Ademola Kiyesola     Bayo Onimago     Igosun     Hameed Oladipupo Ali     Leke Ogungbe     Bisi Oyeleke     Ayodele Kuburat Olaosebikan     Elesie Of Esie     Ridwan Agboola     Read With Me     Abdullahi G. Mohammad     Okedare     Samari     Ahman Pategi University     Alliance For Democracy     CKNG     Saheed Alakoso     Al-Hikmah University     Kwara State Council Of Chiefs     Oloje     Abdulquawiy Olododo     Tunji Moronfoye     The Herald     Abdulrahman Onikijipa     Lateef Alagbonsi     Olaiya Lawal     Abdulrazaq Akorede     Code Of Conduct Bureau