FINALLY,NIGERIAN GOVT,RELEASES DETAILS OF PARIS CLUB REFUNDS TO STATES
Finally,
Nigerian govt. releases details of Paris Club refunds to states
Minister of Finance, Kemi AdeosunRelated
News
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
entries
Search:
|
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
|
516384636883.8
|
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