The Federal Government on Saturday, December 16, 2017, said it has released the final tranche of the Paris Club to 27 state governments.
The Director, Home Finance, Federal Ministry of Finance, Mrs Siyanbola Olubunmi, confirmed the release of the fund.
Speaking
at the end of the Federation Account Allocation Committee meeting held
at the headquarters of the ministry of finance, she said the ministry
has not paid about 10 other states.
She payments to the states is being delayed by some processes.
Olubunmi said once the processes are sorted out, the fund would be released to the states.
According
to Punch, payments to some states may be delayed because of a suit
filed by the consultant engaged by the Nigerian Governors Forum.
In
July 2017, the Federal Government released the second tranche of
N243.79 billion, bringing the amount so far disbursed to states as
refund under the Paris Club loan to N760.17 billion.
A breakdown of the amount shows that five states received the highest amount of N10 billion each.
The states being Akwa Ibom, Bayelsa, Delta, Kano, and Rivers.
The
total amount of N50 billion received by these five states represents
20.5 per cent of the entire amount released under the second tranche.
Olubunmi, however, did not provide the amount that was paid to some states for the final tranche.
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