———By Shedrack Onitsha———
Delta State government is reportedly to have received N27.6Billion from the first tranche of Paris Club refunds paid to states to date, as against N14billion being speculated in government quarters.
The federal government on Friday finally released a breakdown of the first tranche of Paris Club refunds paid to states to date following pressure from different stakeholders calling on the FG to give a detail breakdown of the fund released so far.
According to a a statement by Salisu Danbatta, director of information in the Ministry of Finance, the payments, totaling 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.
He added that 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 breakdown showed that Rivers State got the highest refund of N34.9B, and was followed by Delta State which got N27.6b, Akwa-Ibom State N25.9b, Bayelsa N24.8b and Edo state got N12.1b, yet the Governor was able to pay local government workers in the state seven months’ salary arrears, while Delta still owing it LG worker about 13months salary arrears.
Recall that the government had initially turned down repeated requests to release the payment details.
“The funds were released to state governments as part of the wider efforts to stimulate the economy and were specifically designed to support states in meeting salary and other obligations, thereby alleviating the challenges faced by workers,” the statement said.
The releases were conditional upon a minimum of 50 per cent being applied to the payment of workers’ salaries and pensions.
The Federal Ministry of Finance said it was reviewing the impact of these releases on the level of arrears owed by State Governments.
Mr. 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:
|S/N||STATE||TOTAL AMOUNT PAID IN NGN|