Business
FG Gives Conditions For Paris Club Refund Disbursement
The Federal Government says states must clear the backlog of salaries and other related staff arrears before they would be able to access the remaining $2.69billion Paris Club Refund.
The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, Wednesday, 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.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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