₦649bn Paris Club refund available for states to share
May 16, 2019
9:17 pm
States are to share N649 billion – the final tranche of the Paris Club Refund.
But debtor-states will have to settle their debts soon, Finance Minister Mrs. Zainab Ahmed said yesterday, adding that the Federal Government plans to begin the final phase of the debt refund.
The minister told reporters at a news conference in Abuja yesterday that “the total sum of N649.434 billion was verified by the ministry as the outstanding balance to be refunded to the state governments.”
She also revealed that the payments made by the Central Bank of Nigeria (CNB) as at March stood at N691.560 …
