Nigeria In One Minute

FG set to disburse fresh Paris Club refunds to states

State governments will in no distant future receive the third tranche of the Paris Club loan refunds.

The National Economic Council (NEC) is expected to give the go ahead for the release of the refunds at its next meeting, The Nation gathered yesterday.

The exact day the meeting will come up was unknown last night.

Much of the money, like the earlier refunds, is expected to be spent in settling accumulated salaries and pensions/gratuities.

NEC is headed by the Vice President and has state governors, the Central Bank Governor and other key economic players as members.

Vanguard, October 21, 2017.

 

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