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Paris fund payment: see what your State got!



The federal government has released the breakdown of payments to the 36 states as refund of “over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).” The latest payment is the second tranche of the refunds to the states.

A total of N243.8 billion was released to the 36 states and Abuja in the second tranche.

The Minister of Finance, Kemi Adeosun, said approval for the release of the fund was given by Acting President Yemi Osinbajo on May 4.

According to details, released by the Ministry of Finance on Tuesday evening, Akwa Ibom, Bayelsa, Delta, Kano and Rivers received the largest sum of N10 billion each.

The states had earlier promised to use the major part of the refund to settle salary arrears owed workers and pensioners in their respective domains.

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A finance ministry spokesperson,Salisu Dambatta, said in the statement, “The releases were conditional upon a minimum of 75 per cent being applied to the payment of workers’ salaries and pensions for States that owe salaries and pension,”

Details of payment to each state is displayed below:

Source: Premiumtimes


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