Paris Club Refund: Federal Government Set To Pay N649bn Final Tranche To States - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
May 17, 2019
The Federal Government is expected to release thesum of six hundred and forty nine point four three billion naira as the finalrefund for the Paris Club debt to state governments.
The Minister of Finance, Zainab Ahmed gave thefigure in Abuja at a media briefing on the activities of her ministry.
She said the amount had already been verified by theministry as the outstanding balance to be refunded to the state governments,adding that the refund would be made to the state governments in due course.
The Minister said that between June 20th, 2018, when the 2018 budget was signed intolaw by President Buhari and May 14th, 2019, the Federal Government had releaseda total of two point zero seven nine trillion naira to finance the capitalcomponents of the 2018 budget.
The Federal Government had as of March 29th put thetotal amount released for capital projects at one point nine trillion naira.