States To Recieve N649.4bn Final Tranche Of Paris Loan Deduction

The Presidency says it is set to pay the last batch of the Paris/London Clubs Loan refunds to the State Governments.

Finance Minister, Mrs Zainab Ahmed, announces this at a news conference in Abuja.

She puts the outstanding of the loan refund ready for disbursement at n649.4 billion.

The Minister explains that State Governments had earlier collected n691.5 billion in the first three tranche of the loan deductions.

She adds that the three tiers of Government shared revenue totaling n4.8 trillion from the Federation account between September 2018 and April this year.

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