N649bn Paris Club Refund: Akwa Ibom, Bayelsa, Delta To Get Lion’s Share - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
May 19, 2019
There are strong indications that five states mayget the highest allocation out of the 649.43 billion naira expected to be paidby the Federal Government to state governments from the final tranche of theParis Club loan refund.
The states, according to the investigations are AkwaIbom, Bayelsa, Delta, Kano and Rivers.
Findings showed that due to their strategicimportance in terms of revenue allocation, the five states had suffered thehighest deductions when the loans for the payment of the Paris club debt werebeing deducted from the federation account.
It was also gathered that the Federal Governmentmight not pay the final tranche of the 649.43 billion naira refund until afterMay 29 when new states’ chief executive officers are sworn in.A top government official confided that statesthat got the highest allocation from the Federation Account AllocationCommittee were those that suffered highest deductions during the payment of theParis club debt.