Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom

    January 13, 2026 --- 12:32 am

    Police Probe Sudden Death of Family of Six in Rivers State

    January 12, 2026 --- 11:52 pm

    Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces

    January 12, 2026 --- 9:18 pm
    Facebook X (Twitter) Instagram
    Trending
    • Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom
    • Police Probe Sudden Death of Family of Six in Rivers State
    • Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces
    • Real Madrid sack Xabi Alonso after Barcelona defeat
    • SERAP Sues INEC over alleged missing N55.9bn election funds
    • AFCON 2025 Win: Super Eagles to Get $1.5m Incentive from Nigerian Billionaire
    • Salah Fires Egypt Past AFCON champions, Set for Senegal in Semifinal
    • Christians’ Killings: Trump Warns of more airstrikes on Nigeria
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»Nigeria»Economy»FG Releases $2.246b Final Paris Club Refunds To States
    Economy

    FG Releases $2.246b Final Paris Club Refunds To States

    straightnewsng.comBy straightnewsng.comDecember 22, 2018 --- 11:09 amNo Comments3 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Zainab Ahmed
    Zainab Ahmed
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    The Federal Government has released $2.246 billion being the final tranche of Paris Club refunds to different states in the country.

    The Permanent Secretary, Ministry of Finance, Mr. Mahmood Isa-Dutse told newsmen Wednesday in Abuja after the Federation Acoount Allocation Committee (FAAC) meeting.

    The refunds that would have been done months ago during the era of Mrs. Kemi Adeosun, the then Minister of Finance was held up as some states were given conditions to fulfil before they could access the money.

    One of the conditions was for the states to show evidence that they had used the previous refunds to clear payment of gratuity, arreas of salary and pensions.

    For example, Akwa Ibom government was alleged to have hurriedly paid December 2015 grautity to civil servants in order to access the final tranche of the refunds.

    Though Akwa Ibom government has not confirmed collection of the final tranche of the money, it has collected N34.5 billion from the three tranches of the refunds.

    While some states are using the part of the refunds to pay gratuities and arrears of pension owed public servants, primary school teachers and staffers of local government councils in their states, others are using it to clear salary arrears to their workers.

    Ekiti State Government on Thursday received N3.9 billion from the Federal Government as the last tranche of the money.

    The fund was released to the state after N3.3 billion had been deducted and paid as outstanding 2016- 2018 counterpart fund for Universal Basic Education Commission (UBEC) being owed by the state.

    The State Governor, Dr Kayode Fayemi, who made this information available through his Chiefs Press Secretary, Yinka Oyebode, said that he has directed that the N3.9 billion Paris Club refund be applied to pay one month of outstanding arrears to state and local government workers, teachers and pensioners in the state.

    The governor had while fielding questions during the monthly “Meet Your Governor” programme on television and radio last week re-assured workers that he was yet to receive the Paris Club refund, adding that he would make it public once the state received the payment.

    The immediate past administration of Ayodele Fayose had received a total N18.34 billion Paris Club refund in three tranches between December 2016 and December 2017, in addition to bailout funds, budget support funds and excess crude support, all totalling about N55 billion, but failed to utilise it on salary being owed workers and retirees.

    The first tranche of the Paris Club refund totalling N8.87 billion was received in December 2016. The state also got N4.77 billion in July 2017 and another N4.7 billion in December 2017.

    Governor Fayemi has however assured workers in the state that his administration will not owe them salaries, adding that he would clear outstanding salaries for all categories of workers within one year.

    Chiefs Press Secretary-Yinka Oyebode Ekiti State government Federation Acoount Allocation Committee (FAAC) meeting Mrs. Kemi Adeosun- the then Minister of Finance Paris Club refunds Permanent Secretary-Ministry of Finance-Mr. Mahmood Isa-Dutse The Federal Government The State Governor-Dr Kayode Fayemi Universal Basic Education Commission-UBEC
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    March 2026: 16 Nigerian Banks That Beat CBN Recapitalisation Deadline

    December 21, 2025 --- 8:46 pm

    N1.2bn Tax Debt: AKIRS Enforces Court Order,Seals off CCECC Office in Uyo

    December 19, 2025 --- 6:14 pm

    FG Approves $2.27bn Bakassi Deep Seaport in Cross River

    December 14, 2025 --- 7:32 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    News

    Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom

    By straightnewsng.comJanuary 13, 2026 --- 12:32 am0

    By Akakan Umoh Open Forum,  an advocacy body, has canvassed for a shift from selective…

    Police Probe Sudden Death of Family of Six in Rivers State

    January 12, 2026 --- 11:52 pm

    Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces

    January 12, 2026 --- 9:18 pm

    Real Madrid sack Xabi Alonso after Barcelona defeat

    January 12, 2026 --- 8:25 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom
    • Police Probe Sudden Death of Family of Six in Rivers State
    • Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces
    • Real Madrid sack Xabi Alonso after Barcelona defeat
    • SERAP Sues INEC over alleged missing N55.9bn election funds
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.