TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Governors and the Paris/London Club refunds – Tribune

The Citizen by The Citizen
July 23 2017
in Public Affairs
A A
0
22
SHARES
734
VIEWS
Share on FacebookShare on Twitter

The Federal Government, on Monday, released details of the second tranche of the refunds remitted to the 36 states of the federation from the “over-deductions on the Paris Club, London Club Loans and Multilateral Debts on the Accounts of States and Local Governments (1995-2002).”  According to the Minister of Finance, Kemi Adeosun, approval for the release of N243.8 billion was given by Acting President Yemi Osinbajo on May 4. Consequently, states like Akwa Ibom, Bayelsa, Delta, Kano and Rivers received N10 billion each, while others received lower sums. A statement by the Finance Ministry indicated that the releases were made on the understanding that a minimum of 75 per cent would be applied to the payment of workers’ salaries and pensions. The statement said that the ministry was reviewing the impact of the releases on the level of arrears owed by the various state governments.

Happily, there are indications that many of the state governments have been deploying the funds as agreed. For instance, the Kwara State government announced that it had given N1 billion to local government councils in the state from its N5.1 billion share of Paris Club refund. In a similar vein, states like Benue, Bayelsa  and Osun, among others, gave breakdowns on how the funds were utilised. And while acknowledging the receipt of N4.7 billion from the said fund on Monday, the Ekiti State government announced Governor Ayodele Fayose’s plan to meet with teachers, local government workers and Nigeria Labour Congress (NLC) members on how it would be spent.

However, the story of the disbursement of the funds has not all been rosy. In many states, the ruling parties have been engaged in a ding-dong with members of the opposition parties who have been accusing the state governments either of diverting the funds or giving misleading information on them. In any case, the Economic and Financial Crimes Commission (EFCC) has been engaged in altercations with some state governments over alleged misappropriation of the funds, with the governors accusing the commission of blackmail. Indeed, this week, the governors reportedly held a closed-door meeting at the Federal Capital Territory (FCT), Abuja, to discuss the matters arising from the disbursement of the funds.

Ordinarily, it would have been entirely unnecessary to advise the 36 state governors to keep their word regarding the disbursement of the funds which are outside their normal allocations from the Federation Account. Experience has however taught Nigerians not to automatically expect fidelity from the political leadership. This explains the clamour by  retired civil servants in some states that the Federal Government should strictly monitor the disbursement and utilisation of the refunds in the states. Yet in a distressed economy like the country is presently faced with, it would be unfortunate, if not suicidal, to continue to compound the woes of workers and pensioners through non-payment of their wages and entitlements, particularly given the fact that the majority of the states are owing the workers many months of salary arrears.

Without doubt, paying the workers their entitlements would have positive effects on the economy, as artisans and traders, for instance, would benefit greatly from the gesture. Currently, most of the private schools in the country are faced with dire financial challenges as a result of the inability of parents to pay their children’s school fees. However, once the workers are paid their salaries, they are duty-bound to offset their children’s school fees and relieve the burden of the school proprietors. In the same vein, workers who have been living from hand to mouth would have some respite. But it is important not to overlook the fact that the funds are also meant for some projects being undertaken in the various states.

We urge the governors to utilise the funds judiciously bearing in mind the pains and agonies of the larger populace arising from economic recession. Now, more than ever, the electorate need projects that will touch their lives positively, otherwise they will simply plug into the divisive tendencies in the country and undermine its corporate existence.

Share9Tweet6
Previous Post

TSA: We didn’t hide any funds – Keystone Bank insists

Next Post

Collateral damage – The Nation

Related Posts

To make the Fourth Mainland Bridge dream come true – Guardian
Public Affairs

To make the Fourth Mainland Bridge dream come true – Guardian

September 30 2025
Resolve pensioners’ agitation – Punch
Public Affairs

Resolve pensioners’ agitation – Punch

September 30 2025
Africa is ripe for UN Security Council seats – Punch
Public Affairs

Africa is ripe for UN Security Council seats – Punch

September 29 2025
Amnesty Int’l damning report on South-East killings – The Sun
Public Affairs

Amnesty Int’l damning report on South-East killings – The Sun

September 18 2025
Sen. Natasha debunks forged apology, vows to expose political oppression
Public Affairs

End the Natasha impasse – Punch

September 18 2025
The $600m monthly diaspora inflow is work in progress – Guardian
Public Affairs

The $600m monthly diaspora inflow is work in progress – Guardian

September 17 2025
Next Post
Police IG orders removal of illegal revenue roadblocks nationwide

Collateral damage – The Nation

Indonesian President orders officers to shoot drug traffickers

Indonesian President orders officers to shoot drug traffickers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Rivers court adjourns hearing on LG poll legitimacy

Rivers court adjourns hearing on LG poll legitimacy

by The Editor
September 16 2025
0

...

Osun households get free food items

Osun League of Imams & Alfas urges Tinubu to intervene in LG withheld funds

by The Editor
August 27 2025
0

...

Withheld allocations: Osun State drags FG to Supreme Court

Withheld allocations: Osun State drags FG to Supreme Court

by The Editor
August 27 2025
0

...

APC begins campaigns for Rivers LG election

APC begins campaigns for Rivers LG election

by The Editor
August 14 2025
0

...

APPOINTMENTS

Benue govt threatens sanctions over unauthorised governor’s portrait

Benue Assembly okays Alia’s request for 10 more special advisers

by The Editor
September 18 2025
0

...

Cross River gets new head of service

Cross River gets new head of service

by The Editor
September 17 2025
0

...

Police IG appoints Lagos PPRO, CSP Hundeyin, as new Force PRO

Police IG appoints Lagos PPRO, CSP Hundeyin, as new Force PRO

by The Editor
September 5 2025
0

...

NNPC Limited appoints new Corporate Communications, Relations Chiefs

NNPC Limited appoints new Corporate Communications, Relations Chiefs

by The Editor
September 3 2025
0

...

ODDITIES

Police clear Pastor Adefarasin of viral firearm allegation

Police clear Pastor Adefarasin of viral firearm allegation

by The Editor
September 17 2025
0

Japanese political party to install AI leader

Japanese political party to install AI leader

by The Editor
September 16 2025
0

Three patients die at AKTH as KEDCO cuts power over debt

Three patients die at AKTH as KEDCO cuts power over debt

by The Editor
September 16 2025
0

GLOBAL NEWS

Madagascar President fires government after Gen-Z protests

Madagascar President fires government after Gen-Z protests

by The Editor
September 30 2025
0

...

US gunman kills one, sets fire to Mormon Church

US gunman kills one, sets fire to Mormon Church

by The Editor
September 28 2025
0

...

Ebola death toll in Congo hits 502

Ebola outbreak in DR Congo claims 15 lives

by The Editor
September 18 2025
0

...

Ukraine: Putin has let me down, says Trump as UK visit ends

Ukraine: Putin has let me down, says Trump as UK visit ends

by The Editor
September 18 2025
0

...

EU proposes sanctions against Israel

EU proposes sanctions against Israel

by The Editor
September 17 2025
0

...

State of the States

Senator denies bill to rename Kaduna to Zazzau State

Kaduna State pays ₦72,000 minimum wage

by The Editor
September 18 2025
0

...

Gov. Mbah designates Udi, Nkanu West, Nkanu East, Nsukka LGAs as urban areas

Miyetti Allah commends Enugu Govt over peaceful intervention in herders’ attack

by The Editor
September 16 2025
0

...

Land dispute claims 100 lives in Ebonyi communities

Ebonyi govt bans graduation ceremonies for nursery, primary schools

by The Editor
September 5 2025
0

...

Gov. Mbah revamps, upgrades Nigergas after 30-year dormancy

Gov. Mbah revamps, upgrades Nigergas after 30-year dormancy

by The Editor
August 29 2025
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Judgments on election matters turning Nigeria’s democracy upside down – Jonathan

Nigeria @ 65: Jonathan urges Nigerians not to lose hope

October 1 2025
Kwara will not be haven for bandits – AbdulRazaq

Kwara will not be haven for bandits – AbdulRazaq

October 1 2025
Armed robbers kill ARISE TV anchor in Abuja

Doctors tried to resuscitate her, FCT CP speaks on Arise TV anchor’s death

October 1 2025
Supreme Court affirms Mbah as Enugu State Governor

Nigeria @ 65: Enugu gov urges optimism, unity

October 1 2025

EDITORIAL REVIEW

To make the Fourth Mainland Bridge dream come true – Guardian

To make the Fourth Mainland Bridge dream come true – Guardian

by The Editor
September 30 2025
0

Resolve pensioners’ agitation – Punch

Resolve pensioners’ agitation – Punch

by The Editor
September 30 2025
0

Africa is ripe for UN Security Council seats – Punch

Africa is ripe for UN Security Council seats – Punch

by The Editor
September 29 2025
0

Amnesty Int’l damning report on South-East killings – The Sun

Amnesty Int’l damning report on South-East killings – The Sun

by The Editor
September 18 2025
0

Sen. Natasha debunks forged apology, vows to expose political oppression

End the Natasha impasse – Punch

by The Editor
September 18 2025
0

Opinion

1975 public service purge: What have we learnt?

1975 public service purge: What have we learnt?

by The Editor
September 30 2025
0

...

Tinubu finds his own demons

Nigeria’s state of weakness

by The Editor
September 18 2025
0

...

#ENDSARS: A wakeup call for Nigerian media

Passport hikes and burden of multiple means of identification crisis in Nigeria

by The Editor
September 16 2025
0

...

China is redefining global order

China is redefining global order

by The Editor
September 16 2025
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.