Paris club refund: FG releases final tranche to 27 states

The final tranche of the Paris Club refund to 27 state governments have been released, the federal government has confirmed.

Paris club refund: FG releases final tranche to 27 states

The corfirmation was made on Saturday by the Director, Home Finance, Federal Ministry of Finance, Mrs Siyanbola Olubunmi, who revealed this at the end of the Federation Account Allocation Committee meeting held at the headquarters of the ministry of finance.

Olubunmi said payments to about ten other states have been delayed by some processes, explaining that the payments will be made as soon as the processes were sorted out.

The PUNCH News had speculated that payments to some states may be delayed as a result of a suit filed by the consultant engaged by the Nigerian Governors Forum .

The Federal Government had in July released the second tranche of N 243. 79bn, bringing the amount so far disbursed to states as refund under the Paris Club loan to N 760.17bn.

PUNCH who reported that Olubunmi did not provide the amount that was paid to each state, stated that a breakdown of the amount showed that five states received the highest amount of N10bn each.

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.

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