- FG has assured that another phase of Paris funds will soon be paid
- It gave condition that states owing salaries and other arrears may be exempted
- Paying of budget support loan is another condition given by FG
The federal government has warned that states owing their workers salaries and other arrears may have problem having their share from the $2.69 billion Paris Club Refund (PCR), Punch reports.
This is contained in the statement made by the director of information, federal ministry of finance, Hassan Dodo, on Tuesday, September 11.
Legit.ng gathers that Hassan gave the assurance that another phase payment of the fund will be made available to the states. He also gave the condition that states owing salaries may not easily have their ways in the funds.
He said: "The DMO led the reconciliation process under the supervision of the federal ministry of finance. The final approval of 2.69 billion dollars is subject to some conditions. Salary and staff related arrears must be paid as a priority. Also, commitment to the commencement of the repayment of budget support loans granted in 2016 must be made by all states.
“Furthermore, they must clear amounts due to the presidential fertiliser initiative and make commitment to clear matching grants from UBEC. This is in cases where some states have available funds which could be used to improve primary education and learning outcomes."
PAY ATTENTION: Download our app to enjoy the latest new updates
Meanwhile, Legit.ng previously reported that the minister of finance, Kemi Adeosun, said her ministry was monitoring how the funds were being used to ensure they complied with terms agreed with federal government.
The first tranche totalling N388 billion was trailed by controversy as it was alleged that there was fraud in its utilization and uneven treatment of the states in the transaction. Some states were said to have got excess of what was due to them, while others got far less.
Street Gist: What Are You Proud of As a Nigerian? | Legit.ng TV