The federal government has reaffirmed its commitment to the Paris Club refund for states. Minister of Finance Mrs Kemi Adeosun, in a statement said “independent monitoring of compliance with the terms and conditions of funds released” would be “conducted in due course.” The statement assured “the...

States are demanding about $6.9billion Paris Club loan deductions from the Federal Government. The government has raised a verification and reconciliation team on the claims by states to end over deduction of loans which have crippled many states. It was also learnt that the government has...

Another London-Paris Club loan refund (about N500billion) is on the way for states— with fresh hurdles for governors. The Presidency has made it mandatory for all the states to account for the first tranche of the loan refunds – in line with the agreement it...