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Paris Club refund: States to start receiving N500bn this week

Minister of Finance, Mrs Kemi Adeosun

The disbursement of the N500bn London-Paris Club loan refund to states by the Federal Ministry of Finance is to commence this week, investigations have revealed.

Top government officials confided in our correspondent that the Minister of Finance, Mrs. Kemi Adeosun; and Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, would meet anytime soon over the modalities for the disbursement of the fund.

The official said, “We have received the President’s directive, which was issued last week, and we have already started working on the release of the fund; but of course, you know there are processes to be followed, which is what we are doing now.

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