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Nairaland Forum / Nairaland / General / Politics / Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States (1238 Views)
Boko Haram Releases Details About Leah Sharibu, Gives FG Condition For Release / FG Bars States Owing Salaries From Accessing $2.69bn Paris Club Refunds / We Have Received N6.314bn Second Tranche Of Paris Club Refunds : Osun Goverment (2) (3) (4)
Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by realjoker(m): 8:50pm On Jun 09, 2017 |
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: LOCAL GOVERNMENTS (1995-2002) Show entries Search: S/N STATE TOTAL AMOUNT PAID IN NGN 1 ABIA 11,431,531,742.97 2 ADAMAWA 10,257,434,321.63 3 AKWA IBOM 25,981 255,165.12 4 ANAMBRA 12,243,313,404.68 5 BAUCHI 13 755,553,122.51 6 BAYELSA 24 895,696,347.55 7 BENUE 13 709,343,498.51 8 BORNO 14,681,869,730.63 9 CROSS RIVER 12,150,687,893.85 10 DELTA 27,606,963,362.46 11 EBONYI 9,016,166,759.96 12 EDO 12,182,253,184.99 13 EKITI 9,545,673,294.17 14 ENUGU 10,723,578,819.32 15 GOMBE 8,945,755,396.38 16 IMO 14,001,610,365.94 17 JIGAWA 14,215,333,413.52 18 KADUNA 15,443,458,455.1 19 KANO 21,740,390,362.48 20 KATSINA 16,404,261,819.71 21 KEBBI 11 954,998,982.9 22 KOGI 12,055,455,191.6 23 KWARA 10,241,288,653.14 24 LAGOS 16,743,876,266.21 25 NASARAWA 9,102,098,342.24 26 NIGER 14,421,586,309.89 27 OGUN 11,478,749,388.92 28 ONDO 14,007,296,628.57 29 OSUN 12,628,212,681.25 30 OYO 13,315,423,054.25 31 PLATEAU 11,288,158,110.82 32 RIVERS 34,925,785,322.06 33 SOKOTO 12,882,257,093.52 34 TARABA 9,326,607,975 35 YOBE 10,826,206 233.18 36 ZAMFARA 10,884,771,188.99 37 FCT 1,369,735,000.09 TOTAL 516384636883.81 http://www.premiumtimesng.com/news/headlines/233555-breaking-finally-nigerian-govt-releases-details-of-paris-club-refunds-to-states.html lalasticlala |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by auntysimbiat(f): 8:59pm On Jun 09, 2017 |
cool |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by Kyase(m): 8:59pm On Jun 09, 2017 |
and Ortom no fit pay salaries na to buy wheel barrows, better suswam wey go buy foreign pigs for us |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by Kyase(m): 9:01pm On Jun 09, 2017 |
auntysimbiat:thunder do your work, she collect my ftc with just that word. |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by realjoker(m): 9:14pm On Jun 09, 2017 |
Kyase:
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Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by auntysimbiat(f): 9:21pm On Jun 09, 2017 |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by Kyase(m): 9:25pm On Jun 09, 2017 |
auntysimbiat:go sleep jor rain dey fall |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by krasican(m): 9:32pm On Jun 09, 2017 |
smh for delta chai...... see ekiti..kogi..benue ...Oyo ...imo.....and they are still owing their workers ......rivers got the highest cash and notin to show for it |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by cjrane: 11:42pm On Jun 09, 2017 |
Paris club refund. Any reason why Kano which isn't an oil producing state should surpass Lagos? Except that this is Nigeria. 1 Like
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Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by Amberon11: 5:38am On Jun 10, 2017 |
Can someone explain what this paris fund is about to me? |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by mykelmeezy: 6:24am On Jun 10, 2017 |
sad thing is most nigerians are so closed minded and this our "be thankful for everything" attitude yhat has been mistaken for stupidity will be our biggest undoing most people don't know how our politrickians work else just me we would perform a "Stephen" on our leaders regularly all this refund here n there still no progress 1 Like
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Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by DaudaAbu(m): 6:34am On Jun 10, 2017 |
Ekiti collect 9.5 bn yet he is still owing workers? Thunder wey go fire dis our gov's ehh just finished 6 mnth inensive training for nigerian military depot zaria |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by fulanmafia: 7:52am On Jun 10, 2017 |
cjrane: The refund is based on the deduction from the coffers of the state and each of its LGA's. Lagos - 20 LGA's Kano - 44 LGA's That's a logical reason. |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by Ibifizzleboy(m): 8:22am On Jun 10, 2017 |
with this amount released, states governors are still owing workers salaries. God help my country |
Re: Finally, Nigerian Govt. Releases Details Of Paris Club Refunds To States by LogoDWhiz(m): 8:58am On Jun 10, 2017 |
The refund is not enough to offset debts. In a state wherd the wage bill is 5bn, nd u give them 8bn and ask them to share it at lg and state level. Nd still divide it 50 50 for capital projects nd recurrent expenditure. |
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