Go To Desktop Site
Custom Search

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


Recent Posts

Kwara Government Set To Eradicate Poverty In The State

Passage of the incorruptible: Abang Wushishi and Mustapha Akanbi

All Nigerian politicians sponsor thugs - Olofa of Offa

Community leader advocate more registration centres for alliens

Why we attended APC convention -Kawu Baraje

?1.8m displaced in Nigeria, says NOA

PDP chieftain cautions against admitting Saraki back to party

Kwara Releases N125m Subvention To Tertiary Institutions

Kwara Approves Reconstruction Of Stadium Fence Destroyed By Rainstorm

nPDP Members Will Attend APC Convention - Baraje

Saraki Assures Russian Investors' of Conducive Business Environment

KWSG set to begin rehabilitation of Omu-Aran Township roads

World Cup: Kwara fans urge Eagles to buckle up


Most Popular

How Ilorin NBA election was won, lost

Unilorin lecturer builds 'low-temperature' refrigerator

Place, People, Space in Na'Allah's Ilorin Praise Poetry

OPINION: A Pragmatic Approach to Confronting the Twin Evil of Violence & Economic Dependency in Ilorin. By Abdulmumin Yinka Ajia

Late Dr. Abubakar Olusola Saraki in Pictures

Saraki: His Life And Regrets

Woman Appointed Head Of Service For The First Time in Kwara

Kwara APC congress fallout: Governorship aspirant battles serving Senator for supremacy

Norths' 1st female college: Queen Elizabeth School, Ilorin preserving colonial legacy

OPINION: KWSG vs Opposition on the Issue of Bonds: Matters Arising. By Hassan A. Saliu

Opinion: End game for Bukola Saraki's Kwara hegemony. By Is'haq Modibbo Kawu

OPINION: Attention Ilorin General Hospital. By Joke Adeniyi

OPINION: Thoughts and ideas for Kwara State's liberation By Is'haq Modibo Kawu