Nigeria’s Federal
Government has reportedly released a breakdown of the first part of the Paris
Club refunds paid to states to date.
A statement by Salisu
Danbatta, Director of Information in the Ministry of Finance said payments,
totalling N516.38 billion, were made to the 36 states and the FCT upon the
approval of President Muhammadu Buhari on November 21 2016, Premium Times
reports.
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.
source
viaFG releases details of Paris Club refunds to states https://t.co/4ofYx2j09n via @ynaija pic.twitter.com/eWpoTM0HWQ— Nigeria Newsdesk (@NigeriaNewsdesk) June 10, 2017
The government had
initially turned down repeated requests to release the payment details.
The releases were
conditional upon a minimum of 50 per cent being applied to the payment of
workers’ salaries and pensions.
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)
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
|
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