Nigerian govt to disburse N649.4bn Paris Club refund balance to states - Premium Times Nigeria

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Nigerian govt to disburse N649.4bn Paris Club refund balance to states

The Minister who disclosed this in Abuja during her quarterly briefing with journalists on the activities of the Finance Ministry, said about N649.434 billion has been released for that purpose.

According to the Minister, the implementation of policies under the Economic Recovery & Growth Plan led the economy to exit recession and currently on a path of sustainable, inclusive and diversified growth. On the role of domestic revenue mobilisation for continued economic success and inclusive growth in the country, Mrs Ahmed said time to act to accelerate all revenue initiatives is now.

“As at Q4 2018, the economy grew by 2.38 per cent in real terms , representing an increase of 0.27 per cent compared to Q4 2017 and, a rise of 0.55 per cent, compared with the growth rate in Q3 2018. Despite the shortfall, she said the government “was able to fully pay workers’ salaries and service its debts 100 per cent.”

 

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It should be after May 29 and this time around, MBuhari and ProfOsinbajo should looknfor ways to see that the governors spend it judiciously.

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