FG Releases Last Tranche Of Paris Club Refund To States
The Federal Government says it has released the final tranche of the Paris Club refund to 27 state governments.
Mrs Siyanbola Olubunmi, Director, Home Finance, Federal Ministry of Finance, confirmed the release while speaking to journalists on Saturday after the Federation Account Allocation Committee meeting held at the headquarters of the ministry of finance.
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She confirmed that payment to 10 states was delayed owing to some processes.
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Olubunmi added that the fund would be released to the states as soon as the processes were sorted out.
The Federal Government had in July released the second tranche of N243.79bn, bringing the amount so far disbursed to states as refund under the Paris Club loan to N760.17bn.
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