FG To Make Tougher Demands On States Over Second Paris Club Loan Refund – Adeosun

Minister of Fiance Kemi Adeosun

The Nigerian Government have said that it will make tougher demand from states over how they spend the second tranche of London-Paris Club Loan refunds to the 36 state governments.

The Minister, in a chat with Premium Times said the Federal Ministry of Finance was still working with the Presidency to determine the terms and conditions that would guide the disbursement of the funds.

“It’s not ready yet,” the minister said. “Before the payment of the first tranche of the funds, the President directed the states to use 50 per cent for the payment of arrears of salaries, gratuity and pensions to their workers.

“A lot of the states complied with the directive. When we are ready, part of the guidelines for disbursement will be that the states use 70 per cent of the payment for the same purpose,” she said.