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Paris Club Refund: Rivers, Others Get Final Tranche
Rivers, Delta, Bayelsa, Akwa Ibom and Kano States, are among the 27 States in the federation which have received the final tranche of the Paris Club Loan Refund.
A breakdown shows that the five states received the highest amount of N10billion each.
The Tide sources said that the total amount of N50billion received by the five states represents 20.5 per cent of the entire amount released under the second tranche.
The Federal Government confirmed the release of the final tranche of the Paris Club refund to 27 state governments, last Saturday.
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 Ministry of Finance headquarters in Abuja.
She said about 10 other states have yet to be paid by the ministry, adding that payment to them was being delayed by their inability to meet basic Fiscal Responsibility Act processes.
Olubunmi, who did not provide details of the amount to be paid to the remaining states, said as soon as the processes were sorted out, the fund would be released to the states.
It was learnt that payments to some states may be delayed as a result of a suit filed by the consultant engaged by the Nigerian Governors’ Forum.
It would be recalled that the Federal Government had in July, released the second tranche of N243.79billion, bringing the amount so far disbursed to states as refund under the Paris Club Loan to N760.17billion.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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