Paris club refund: FG set to pay ₦649b final tranche to states

The Federal Government is set to disburse the sum of ₦649.43bn as the final batch of refunds for the Paris Club debt to state governments.

This was revealed on Thursday by the Minister of Finance, Zainab Ahmed, during a media briefing in Abuja on the activities of her ministry.

Present at the media briefing was the Comptroller-General of Customs, Hameed Ali; the Director-General, Debt Management Office, Patience Oniha; the Managing Director, Asset Management Corporation of Nigeria, and the Director-General of the Securities and Exchange Commission.

Zainab said the amount had already been verified by the ministry as the outstanding balance to be refunded to the state governments.

The finance minister said the refunds would be made to the state governments in due course.