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Paris Club refund: Low revenue, reconciliation delay payment to states

Minister of Finance, Mrs Kemi Adeosun

DWINDLING revenue generation into the Federation Account as well as the ongoing reconciliation of states’ claims by the Federal Government committee is the major factor delaying the payment of the second tranche of the Paris Club loan refund to states.

Findings by The PUNCH at the Federal Ministry of Finance showed that the committee, which was set up two months ago to reconcile the outstanding claims, was still meeting with the respective states on their claims.

It was gathered from officials in the ministry that all the states had submitted their claims to the committee, who explained that the reconciliation was ongoing to determine the exact amount the states were entitled to.

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