Buhari orders release of fresh Paris loan refund to states

President Muhhamadu Buhari

The state governments are to receive another tranche of the London/Paris clubs loans refund to ease their financial crisis.

President Muhammadu Buhari directed the finance ministry and the Central Bank of Nigeria to release the fund at the meeting of the National Economic Council, presided over by Vice President, Yemi Osinbajo with state governors in attendance, at the Presidential Villa, Abuja.

Buhari, however, urged the state governors to use the fund to clear their arrears of salaries, pensions and gratuities, to enable workers feed their families, pay rent and school fees of their children.

Buhari, who had earlier released the first tranche of N388bn to the state governments in December 2016, said the latest release was meant to ease their financial hardship.

The President then went round the Council Chambers, greeting the governors one after the other, thanking them for the display of love and respect to him.

Buhari also commended the governors coming together under the Governors Forum and apologised to them for being barred from visiting him while he was away in London.

“I didn’t want government to move to London. I wanted it to remain here and I am glad it did,” he said.


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