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Anambra receives N6bn from second tranche of Paris Club refunds

Anambra receives N6bn from second tranche of Paris Club refunds

By Chinedu Nwaneri

Anambra State gov­ernment has received the sum of N6.121bn from the N243.795bn second tranche of the Paris Club re­funds disbursed by the Fed­eral Government through the Ministry of Finance.

A statement by the Director of Information, Federal Min­istry of Finance, Mr. Salisu Dambatta said that, Imo received N7bn; Enugu received N5.361bn; Abia received N5.715; and Ebonyi got N4.508bn.

According to the ­ment, Rivers, , Bayelsa, Akwa-Ibom and Kano states received the highest payment of N10bn each, while Gombe State received the lowest payment with N4.472bn.

Orient Daily reports that Acting Yemi Osin­bajo, on May 4, approved the release of the fund upon the condition that a minimum of 75 per cent of the fund would be used for the payment of state government arrears of workers’ salaries and pen­sions, as part of effort to boost the economy.

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Meanwhile, the Minister of Finance, Mrs. Kemi Adeosun has said that her ministry is reviewing the impact of the funds on the level of arrears owed by various state gov­ernments, adding that a de­tailed report is being com­piled for presentation to the Acting , as part of approval for the release of any subsequent tranches.

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