News
Paris Club Refund: FG Bars States Owing Salaries
The Federal Government says States must clear the backlog of salaries and other related staff arrears before they would access the remaining $2.69billion Paris Club Refund.
The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, yesterday, said the Federal Government would commence phased payments of the refund to the states once the condition and several others were met.
“The DMO led the reconciliation process under the supervision of the Federal Ministry of Finance. The final approval of $2.69billion is subject to some conditions.
“Salary and staff related arrears must be paid as a priority. Also, commitment to the commencement of the repayment of Budget Support Loans granted in 2016 must be made by all states.
“Furthermore, they must clear amounts due to the Presidential Fertiliser Initiative and make commitment to clear matching grants from UBEC.
“This is in cases where some states have available funds which could be used to improve primary education and learning outcomes,” Dodo said in a statement.
Recall that the issue of Paris Club loan over-deduction had been a long-standing dispute between the Federal Government and the state governments, dating back to 1995.
In response to the dispute, President Muhammadu Buhari directed that the claims of over-deduction should be formally and individually reconciled by the Debt Management Office.
As an interim measure to alleviate the financial challenges of the states during the 2016 recession, the President had approved that 50 per cent of the amounts claimed by States be paid to enable them clear salary and pension arrears.
This approved sum was released to the states between December 1, 2016 and September 29, 2017.
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
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.
-
Oil & Energy1 day agoNERC Sets December 31 For CSP Registration, Mandates N100,000 Non-refundable Registration Fee
-
Sports16 hours agoSunderland Fall At Fulham
-
News17 hours agoRSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
-
Sports16 hours agoBarca Impress On Return To Camp Nou
-
Oil & Energy16 hours ago“COP30: FG, Brazil Partner On Carbon Emissions Reduction
-
News17 hours agoOur Collaboration With Navy Has Yielded Positive Results, Says Fubara …Navy Recommits To Protecting Waterways, Infrastructure
-
Niger Delta16 hours agoNavy Inaugurates Jetty In A’Ibom … Reiterates Commitment To Maritime Security
-
News17 hours agoBayelsa Education Fund, British Council trains tra 1,000 teachers
