Tag: Paris Club Refunds
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Workers’ day: Obaseki approves N1.5bn Paris refunds for payment of arrears
Governor Godwin Obaseki of Edo has approved the use of N1.5 billion from the Paris Club refunds to offset part of N2.5 billion salary and pension arrears of local government workers in the state. The governor announced the decision during May Day celebration in the state which held at the University of Benin Sports Complex…
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Use Paris Club windfalls responsibly, Intervention Group advises Governors
The Nigeria Intervention Movement (NIM) has noted with interest, the release of the third tranche of ‘Paris Club Refunds’ to State Governments. It is particularly gratifying that this release is coming on the heels of a festive period. NIM, therefore, urges State Governments to seize the opportunity of this latest release to settle the outstanding…
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FG commences payment of second tranche of Paris Club refund to states
The Federal Government on Monday commenced the payment of the second tranche of the Paris Club refund to states of the federation. According to a report by The Nation, Ekiti, which got N9.5 billion in the first tranche, has received another N4.772 billion; Abia got N5.715 billion.The state received N11.4 billion in the first tranche.…
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Paris Club Refunds: Bayelsa Govt admits receiving additional N6.6bn
The Bayelsa State Government has admitted receiving additional N6.61 billion as part of the state’s share of the first tranche of the N516.38 billion Paris Club refund. The state deputy governor, Rear Admiral John Jonah (rtd) said on Thursday in Yenagoa that the state received additional N6.61 billion in March 2017. “The Paris Club refund…
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FG releases breakdown of N516bn Paris Club refunds to states
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…