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W/Bank Pledges $72m For States’ Land Administration Records

W/Bank Pledges $72m For States’ Land Administration Records       The World Bank has expressed willingness to give each state of the federation a grant of two million dollars to enable them to update their property records. This, however, is based on the condition that benefiting states capture...

Governors resolve to pay backlog of salaries

The 36 governors last night resolved to offset the backlog of salaries and pension arrears owed civil servants in the country as soon as the next tranche of payment from the Paris-London Club loan refunds are made. This decision was arrived at in Abuja at...

Still On N500bn Paris Club Refund

In line with the federal government’s mission to reflate economic activities in the country, the Federal Government had earlier disbursed a special intervention fund totaling N338 billion to 27 states in the country which was a step taken to enable states pay workers’ salaries...

Implications of Paris-Club Loan Refund

Nigerians are worried over lack of frugality and sense of imprudence demonstrated by a good number of the state governors in utilization of the Paris-Club loan refund. Analysts have described the controversy as affront and therefore, called upon President Muhammadu Buhari to issue a...

Paris Club refund: We’ve done nothing illegal —Govs

Again, the Nigeria Governors’ Forum, NGF, said, yesterday, that there was no illegality in the disbursement of the Paris Club loan refund. The refund was a result of over-deductions from the statutory allocations of the states for debt-servicing from 1995 to 2002. The NGF reaction...

States Demand $6.9b Paris Club Refund

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...