‘FG releases final tranche of the Paris Club refund to 27 states’

Rice

The Federal Government on Saturday confirmed the release of the final tranche of the Paris Club refund to 27 state governments.

Reference: In July, the second tranche of N243.79bn was released, bringing the amount so far disbursed to states as refund under the Paris Club loan to N760.17 billion.

  • The Director, Home Finance, Federal Ministry of Finance, Mrs Siyanbola Olubunmi, confirmed the release of the fund to the 27 states while speaking at the end of the Federation Account Allocation Committee meeting held at the headquarters of the ministry of finance.
  •  She said about ten other states have yet to be paid by the ministry, adding that payments to them were being delayed by some processes.

 

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