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News

States get another Paris Club refund

written by Esther faroye July 18, 2017
States get another Paris Club refund

States have received another tranche of the Paris Club refund. Ekiti, which got nine-point-five billion naira in the first tranche, has received another four-point-seven billion naira while Abia which got eleven-point-four billion naira in the first tranche got another five-point-seven billion naira this time.

Governor Ayo Fayose’s Media Adviser Lere Olayinka confirmed Ekiti’s receipt of the second tranche while the Commissioner for Finance Obinna Oriaku confirmed that of Abia. But the total amount paid out by the Ministry of Finance could not be confirmed as at the time of filing this report.

Top officials of the ministry said they were waiting for clearance from Minister of Finance Mrs Kemi Adeosun before giving out that information. President Muhammadu Buhari initiated the Paris refund to enable states meet their financial obligations, especially to workers and pensioners.

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