- Ekiti state government has announced the receipt of N4.7 billion as Paris Club refund from the federal government
- The Paris Club refund will be shared between the state and the local governments
- President Muhammadu Buhari ordered the release of the Paris Club refund following protests by states against over deductions for external debt service between 1995 and 2002
The Ekiti state government on Monday, July 17, received the sum of N4.7 billion as a tranche of the Paris Club refund.
Governor Ayodele Fayose of Ekiti state disclosed this in a Facebook post on his page saying the amount will be shared between the state and the local governments.
He added that he will meet teachers, local workers, NLC, civil Servants on how the money will be spent.
Read the post below:
NAIJ.com previously reported that President Muhammadu Buhari had ordered the release of about N522.74 billion to all 36 states in the first tranche of the Paris Club refund in December 2016.
The federal government later released the sum of N388.304 billion out of the N522.74 billion.
The funds were released following protests by states against over deductions for external debt service between 1995 and 2002.
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