Stella Dimoko Korkus.com: Paris Club Refund Has Been Disbursed To States..

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Wednesday, 19 July 2017

Paris Club Refund Has Been Disbursed To States..

The Federal Government has released N243.79bn as the second tranche of Paris Club Refund to the 36 state governments and the Federal Capital Territory.



The Director of Information in the Federal Ministry of Finance, Mr. Salisu Dambatta, confirmed the release in a statement issued on Tuesday night.


With the fresh release of the second tranche of N243.79bn, the amount so far disbursed to states as refund under the Paris Club loan is now N760.17bn.

He said the approval for the payments was done on May 4 by President Muhammadu Buhari in partial settlement of long-standing claims by state governments relating to over-deduction from their allocations from the Federation Account for external debts service arising between 1995 and 2002.

A breakdown of the N243.79bn showed that five states received the highest amount of N10bn each.States allocation

The states are Akwa Ibom, Bayelsa, Delta, Kano, and Rivers.

The total amount of N50bn received by these five states represents 20.5 per cent of the entire amount released under the second tranche.

Interestingly, these five states also got the highest chunk of N135.09bn when the first tranche of N516.38bn was released by the government in December last year.

Lagos  N8.37bn; 
 Katsina, N8.2bn; 
Oyo, N7.9bn; 
Kaduna, N7.72bn;
 Borno, N7.34bn; 
Niger N7.21bn.
Abia  N5.71bn, 
Adamawa, N6.11bn; 
Anambra, N6.12bn; 
Bauchi, N6.87bn;
 Benue, N6.85bn; 
Cross River, N6.07bn; 
 Ebonyi, N4.51bn; 
Edo N6.09bn; 
 Ekiti N4.77bn.

Enugu N5.36bn; 
Gombe, N4.47bn; 
Imo, N7bn;
Jigawa, N7.1bn; 
Kebbi, N5.97bn; 
Kogi, N6.02bn; 
Kwara N5.12bn; 
Nasarawa, N4.55bn; 
Ogun , N5.73bn; 
Ondo, N7bn; 
Osun, N6.31bn


Plateau, N5.64bn; 
Sokoto, N6.44bn; 
Taraba, N5.61bn;
 Yobe N5.41bn; 
Zamfara, N5.44bn;
 Federal Capital Territory N684.86m.

The statement reads in part, “These payments which totalled N243, 795,465,195.20 were made to the 36 states and the Federal Capital Territory upon the approval of the President on May 4, 2017, in partial settlement of long-standing claims by state governments relating to over-deductions from their Federation Account Allocation Committee allocation for external debt service arising between 1995 and 2002.

“The Minister of Finance, Mrs. Kemi Adeosun explained that these debt service deductions were 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 funds, according to the statement, were released to the state governments as part of the wider efforts to stimulate the economy.

It added that the funds were specifically designed to support states in meeting salary and other obligations, thereby alleviating the challenges faced by workers.


Edited from punch



*Those wing should go and pay salaries please!

19 comments:

Miss Ess said...

Hmmm....very good to know

Anonymous said...

unfortunately, the money will go into their pockets, especially with 2019 in view.



Sad..........





SHARONNA

Anonymous said...

Stella, you forget that this is Nigeria. They will not use it to alleviate their people's suffering. And their people will allow it, then begin shouting that Buhari is killing them.
My people, my people. ..smh

Anonymous said...

Rivers State is not on d list???

I tot it was for all the states

Anonymous said...

Sorry I just went back to read and saw we got 10bn..

Thank God ooo Wike can continue his good works

olaedo said...

Abia will still not pay

Enigma G said...

If ur sugar daddy is a governor, call him now. I repeat call him now

Russian roulette said...

*Hands you contact lens*. Go back and read again. Hope You can now see clearly.

cat eyes said...

Please read from the beginning to the end,the text isn't that much. Hope they'd pay salary with this money.

Anonymous said...

Stella,please ohh,you people should tell Gov Okowa to pay local govt workers ohh,the suffering is too much,he keeps saying Delta state did not get from the Paris club refund,owing 13-16 months salary is bad ohh,Ekiti has declared theirs,we are yet to hear from Okowa

ukwu dimond said...

I hope the Lord and masters of APC governors will pay salaries without delay any more.

Anonymous said...

Where is Bayelsa State.

Brown Sucre said...

Another free money to hide and eat, forgetting the masses they are supposed to pay their salaries and pension.
I just wish our justice system can just work properly but again that's the highest corrupt institution Nigeria has ever produced.
The federal government should just legalize corruption.

Bro Fide said...

I'm certain that workers in Benue will not still be paid even if they give the state government 10trillion Naija😨😨

Linda peters said...

@anonimous 08:04, is among the five that received the highest. (#10b).

Anonymous said...

Hurray, Nigeria is gradually moving to it's permanent site.
Nigeria has many problems, the STATES are the big, bigger, biggest of the problems.

Anonymous said...

Governor Arthur or boze okowa.pay us our salary oo..no excuse this time..u dey hear.

anonymous said...

Governor Samuel Ortom of Benue State must do the needful this time. With this release, I am sure he will cut his leave to China and rush back to Makurdi. Mr. Governor, pay our salaries this time because every salary earner in Benue State has at least 10 dependants to cater for and we have been suffering. GOVERNOR ORTOM PAY OUR SALARIES AND PENSIONS.

lvahstherapy.blogspot.com said...

Ikpeazu please pay Abia workers!

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