Delta gives full details of 3 tranches of Paris Club refunds, bailout

126
277
David Edevbie, commissioner for finance
Delta state commissioner for finance, Olorogun David Edevbie, has explained that the Paris Club refund was not a favour being done to states by the federal government of Nigeria.
 
Olorogun Edevbie stated this on Monday at a post budget presentation press briefing, coordinated by the commissioner for information, Mr Patrick Ukah, at the government house, Asaba.
 
The finance commissioner noted that the refund was the over deduction the federal government made to the Paris Club beginning from 1995, saying interest ought to have been paid for it.
 
Explaining further the misnomer in the deduction, he said the federal government used the fund meant for the three tiers of government to pay for debt owed by the federal government, disclosing that N33billion had so far been released in tranches.
 
He said that while the first tranche was N14.5 billion, the seconded one amounted to N8billion and the third N10 billion, indicating that out of the N33billion, the sum of N7 billion was for local government councils while N12.6billion was spent on salary and N14billion went to capital expenditure.
 
On whether President Muhammadu Buhari directed the state governors on how to spend the Paris Club refund, Olorogun Edevbie said there was no such directive, explaining that constitutionally, the president had no such power to issue directive on how states should spend their funds.
 
He said that some of the money from the refund had to go capital expenditure to cater for the interest of Deltans that were not in the payroll of the state government.
 
Giving a performance breakdown of the 2017 budget breakdown, the finance commissioner said that N58billion was spent on addressing salary and pension issues while N42 billion went to capital project.
 
On insinuations that the country had come out of recession, he said the indicators that the country experienced 0.55 positive growth in the fifth quarter of recession supported the claim.
 
He, however, noted: “We are not yet feeling the claim that we are out of recession. It will take a while, just as it took some time before we entered recession.”
 
BAILOUT FUND
On the bailout fund, Olorogun David Edevbie said Delta state was an accidental beneficiary.
 
He said Delta state benefited because the recession affected adversely most of the All Progressive Congress (APC) states, noting that there was no way the federal government could have given bailout to the APC states alone.
 
He emphasized that the bailout fund was a loan but to be paid back at very friendly terms, saying that out of N10 billion the state received, the sum of N3.26 billion went to local government council, while N2billion was expended in addressing pension arrears, N2billion for primary school teachers’ salary and N3.5billion for salary of state government workers.
 
FEDERAL ALLOCATION
Addressing issues on why virtually all states are complaining of lack of funds and the local government council not able to perform their statutory roles, the finance commissioner blamed the cause on the federal government, noting that too much money was going to the centre.
 
He said the federal government was reluctant to initiate a review of the federal allocation formula because it does not want the present status-quo to change.
 
According to Edevbie, review of the formula ought to take place every three years but lamented that the last time a review was done was in 1992.
 
He said the inability of the federal government to address issue bordering on fiscal federalism and resource control was largely responsible for the recurrent agitations for restructuring in the country.

126 COMMENTS

  1. I simply want to say I am very new to weblog and really savored this web site. Almost certainly I’m planning to bookmark your blog post . You definitely come with tremendous well written articles. With thanks for revealing your webpage.

  2. My spouse and i were glad when Chris could deal with his reports using the ideas he gained using your blog. It’s not at all simplistic to just always be giving out procedures which usually most people might have been selling. We realize we now have you to thank for this. The main illustrations you have made, the easy site menu, the friendships your site help to instill – it is many superb, and it’s letting our son and us feel that that issue is entertaining, which is certainly rather vital. Many thanks for the whole lot!

  3. I¡¦ve been exploring for a little bit for any high quality articles or blog posts in this sort of area . Exploring in Yahoo I finally stumbled upon this web site. Studying this info So i am happy to exhibit that I have an incredibly good uncanny feeling I discovered just what I needed. I such a lot indisputably will make certain to do not disregard this web site and provides it a glance regularly.

  4. Hi there, just became aware of your blog through Google, and found that it’s really informative. I am going to watch out for brussels. I’ll be grateful if you continue this in future. Many people will be benefited from your writing. Cheers!

  5. I together with my guys were found to be reading through the excellent points on the website and all of a sudden I had a horrible suspicion I never thanked the site owner for those strategies. Those young men came absolutely joyful to learn all of them and now have surely been using them. Thanks for really being quite considerate and also for figuring out varieties of tremendous things most people are really eager to learn about. Our own honest regret for not expressing appreciation to you sooner.

  6. I actually wanted to write a note so as to appreciate you for all of the magnificent hints you are showing at this site. My extensive internet investigation has at the end of the day been paid with high-quality points to go over with my visitors. I would believe that many of us visitors actually are definitely lucky to dwell in a wonderful place with very many perfect individuals with insightful techniques. I feel somewhat lucky to have seen the website and look forward to plenty of more brilliant moments reading here. Thanks a lot once again for everything.

  7. I just want to tell you I am just a beginner to blogging and site-building and certainly I enjoy this web site. Probably I am planning to bookmark your site . You definitely come with remarkable web content and reviews. Appreciate it for posting your blog.

  8. I am extremely impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one these days..

  9. Excellent post. I was checking constantly this blog and I am impressed! Very helpful information specially the last part 🙂 I care for such info much. I was seeking this particular information for a very long time. Thank you and good luck.

  10. I do agree with all of the ideas you’ve introduced in your post. They are very convincing and will certainly work. Still, the posts are too brief for newbies. May you please lengthen them a bit from next time? Thank you for the post.

  11. I like what you guys are up too. Such clever work and reporting! Keep up the superb works guys I’ve incorporated you guys to my blogroll. I think it will improve the value of my site :).

  12. Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a little bit, but instead of that, this is excellent blog. A fantastic read. I’ll definitely be back.

  13. Just desire to say your article is as astounding. The clarity in your post is simply nice and i could assume you’re an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the rewarding work.

  14. My husband and i got so thankful when Louis could finish off his studies out of the ideas he came across out of your web pages. It’s not at all simplistic just to possibly be offering information that people today have been making money from. And we all know we have got the writer to give thanks to because of that. The explanations you have made, the straightforward blog menu, the friendships you can help to create – it’s mostly incredible, and it’s really making our son and the family feel that that topic is entertaining, which is certainly very essential. Thanks for everything!

  15. Thank you for sharing superb informations. Your web-site is very cool. I am impressed by the details that you¡¦ve on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found just the info I already searched all over the place and just could not come across. What a great web-site.

  16. Good ¡V I should certainly pronounce, impressed with your web site. I had no trouble navigating through all the tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task..

  17. Thanks , I’ve just been looking for info approximately this subject for a while and yours is the best I have discovered till now. But, what concerning the conclusion? Are you positive about the source?

  18. Good ¡V I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your customer to communicate. Nice task..

  19. I just couldn’t depart your site before suggesting that I extremely enjoyed the usual information a person supply for your guests? Is going to be back steadily to check out new posts.

  20. hi!,I like your writing very much! proportion we be in contact more approximately your post on AOL? I need a specialist in this space to resolve my problem. Maybe that’s you! Taking a look forward to peer you.

  21. you are really a just right webmaster. The site loading velocity is incredible. It kind of feels that you’re doing any unique trick. Furthermore, The contents are masterpiece. you have done a excellent process on this subject!

  22. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but other than that, this is fantastic blog. An excellent read. I’ll certainly be back.

  23. I do trust all the concepts you have introduced for your post. They are really convincing and can definitely work. Still, the posts are too quick for starters. May just you please extend them a bit from subsequent time? Thank you for the post.

  24. My brother suggested I might like this blog. He was totally right. This post truly made my day. You cann’t imagine simply how much time I had spent for this information! Thanks!

  25. I truly enjoy examining on this site, it has got superb content . “One doesn’t discover new lands without consenting to lose sight of the shore for a very long time.” by Andre Gide.

  26. I have been surfing on-line greater than 3 hours nowadays, but I never discovered any fascinating article like yours. It is lovely worth enough for me. In my opinion, if all web owners and bloggers made excellent content material as you probably did, the net will be much more helpful than ever before. “It’s all right to have butterflies in your stomach. Just get them to fly in formation.” by Dr. Rob Gilbert.

  27. Heya i’m for the first time here. I came across this board and I find It really useful & it helped me out much. I hope to give something back and help others like you aided me.

  28. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a bit, but other than that, this is great blog. A fantastic read. I’ll definitely be back.

  29. Thanks so much for providing individuals with a very marvellous possiblity to read articles and blog posts from here. It is usually so pleasing plus jam-packed with a lot of fun for me and my office mates to search your blog on the least thrice in one week to read the new items you have got. And of course, I am just at all times contented with all the outstanding suggestions you serve. Certain 1 points in this post are undeniably the most suitable I have had.

  30. I like the helpful info you provide in your articles. I will bookmark your weblog and check again here regularly. I’m quite certain I will learn many new stuff right here! Good luck for the next!

  31. I have been surfing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my view, if all webmasters and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  32. My wife and i have been so excited when Edward managed to round up his survey through your precious recommendations he gained using your site. It is now and again perplexing to just choose to be releasing procedures some others could have been making money from. So we recognize we’ve got the website owner to thank for this. The type of explanations you made, the straightforward blog navigation, the friendships your site make it easier to instill – it’s got most spectacular, and it’s helping our son and us reason why the concept is amusing, and that’s exceedingly serious. Many thanks for everything!

  33. hey there and thank you for your info – I’ve certainly picked up something new from right here. I did however expertise several technical points using this web site, since I experienced to reload the website many times previous to I could get it to load correctly. I had been wondering if your web host is OK? Not that I’m complaining, but slow loading instances times will often affect your placement in google and can damage your high-quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my email and can look out for a lot more of your respective exciting content. Ensure that you update this again very soon..

  34. you are in point of fact a just right webmaster. The web site loading velocity is amazing. It kind of feels that you’re doing any distinctive trick. In addition, The contents are masterwork. you have performed a fantastic task in this topic!

  35. I think this is one of the most important information for me. And i’m glad reading your article. But should remark on few general things, The web site style is great, the articles is really nice : D. Good job, cheers

  36. I think this is among the most significant info for me. And i’m glad reading your article. But want to remark on few general things, The site style is great, the articles is really excellent : D. Good job, cheers

  37. I am extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it is rare to see a great blog like this one these days..

  38. I wish to express my appreciation to this writer just for rescuing me from this type of matter. Right after looking out throughout the online world and seeing recommendations which were not helpful, I believed my entire life was gone. Existing without the approaches to the problems you’ve fixed through your main posting is a serious case, as well as the kind which might have in a negative way damaged my entire career if I hadn’t noticed your website. Your own skills and kindness in taking care of all the details was helpful. I’m not sure what I would’ve done if I hadn’t discovered such a solution like this. I can also at this point relish my future. Thank you very much for the specialized and result oriented help. I won’t hesitate to suggest the website to any person who should have guide about this issue.

  39. I want to show my thanks to you just for rescuing me from this particular challenge. Right after searching throughout the world wide web and finding tricks which are not helpful, I assumed my entire life was well over. Being alive minus the approaches to the issues you have fixed through this short article is a serious case, as well as the ones that could have adversely damaged my entire career if I hadn’t noticed your site. Your good skills and kindness in touching a lot of stuff was useful. I am not sure what I would have done if I had not encountered such a subject like this. I am able to at this point relish my future. Thanks for your time so much for this high quality and sensible help. I won’t think twice to endorse your web site to any person who requires recommendations on this problem.

  40. Great post. I was checking constantly this blog and I am impressed! Very helpful info particularly the last part 🙂 I care for such information much. I was seeking this certain information for a long time. Thank you and good luck.

  41. Thank you for sharing excellent informations. Your web site is very cool. I’m impressed by the details that you’ve on this web site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched everywhere and just couldn’t come across. What a great site.

  42. Only wanna comment on few general things, The website design and style is perfect, the subject matter is really superb. “Believe those who are seeking the truth. Doubt those who find it.” by Andre Gide.

  43. Absolutely composed subject matter, thank you for entropy. “He who establishes his argument by noise and command shows that his reason is weak.” by Michel de Montaigne.

  44. Hiya, I am really glad I have found this information. Today bloggers publish just about gossip and internet stuff and this is actually irritating. A good web site with exciting content, that’s what I need. Thank you for making this website, and I will be visiting again. Do you do newsletters by email?

  45. Thank you for every other great post. The place else may just anyone get that kind of info in such an ideal approach of writing? I have a presentation subsequent week, and I am on the search for such info.

  46. of course like your website however you have to take a look at the spelling on several of your posts. Several of them are rife with spelling problems and I to find it very troublesome to tell the truth on the other hand I¡¦ll definitely come again again.

  47. Someone necessarily help to make significantly articles I would state. That is the very first time I frequented your website page and thus far? I surprised with the analysis you made to create this actual post extraordinary. Wonderful task!

  48. Excellent blog here! Also your site loads up fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol

  49. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but other than that, this is fantastic blog. An excellent read. I’ll definitely be back.

  50. Hiya, I’m really glad I have found this info. Today bloggers publish only about gossip and net stuff and this is really frustrating. A good blog with exciting content, that is what I need. Thank you for making this website, and I will be visiting again. Do you do newsletters by email?

  51. Hiya, I am really glad I’ve found this info. Today bloggers publish just about gossip and web stuff and this is really irritating. A good web site with exciting content, that’s what I need. Thank you for making this site, and I will be visiting again. Do you do newsletters by email?

  52. Hiya, I am really glad I’ve found this information. Nowadays bloggers publish only about gossip and internet stuff and this is actually irritating. A good site with exciting content, this is what I need. Thank you for making this web site, and I’ll be visiting again. Do you do newsletters by email?

  53. Hiya, I’m really glad I have found this info. Today bloggers publish only about gossip and internet stuff and this is really frustrating. A good web site with interesting content, this is what I need. Thank you for making this site, and I will be visiting again. Do you do newsletters by email?

  54. Hiya, I am really glad I’ve found this information. Nowadays bloggers publish just about gossip and web stuff and this is actually annoying. A good website with exciting content, this is what I need. Thank you for making this site, and I will be visiting again. Do you do newsletters by email?

  55. Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossip and web stuff and this is actually annoying. A good website with exciting content, that’s what I need. Thank you for making this site, and I will be visiting again. Do you do newsletters by email?

  56. Hi there. I found your blog by means of Google while looking for a similar matter, your web site got here up. It seems good. I have bookmarked it in my google bookmarks to come back then.

  57. Hey there. I discovered your blog by way of Google whilst looking for a comparable topic, your web site came up. It appears to be great. I have bookmarked it in my google bookmarks to come back then.

  58. Hiya, I’m really glad I have found this information. Nowadays bloggers publish just about gossip and web stuff and this is really irritating. A good blog with exciting content, this is what I need. Thanks for making this site, and I will be visiting again. Do you do newsletters by email?

  59. Hiya, I’m really glad I’ve found this info. Nowadays bloggers publish just about gossip and internet stuff and this is really irritating. A good site with exciting content, this is what I need. Thank you for making this web-site, and I will be visiting again. Do you do newsletters by email?

  60. Hello there. I discovered your website by means of Google even as looking for a related subject, your website got here up. It appears to be great. I have bookmarked it in my google bookmarks to visit then.

  61. It is in point of fact a nice and useful piece of information. I am satisfied that you just shared this useful information with us. Please keep us up to date like this. Thank you for sharing.

  62. Hiya, I’m really glad I’ve found this info. Today bloggers publish only about gossip and web stuff and this is really annoying. A good site with interesting content, this is what I need. Thanks for making this web site, and I’ll be visiting again. Do you do newsletters by email?

  63. Hiya, I’m really glad I’ve found this information. Today bloggers publish just about gossip and internet stuff and this is actually annoying. A good website with interesting content, this is what I need. Thank you for making this web site, and I’ll be visiting again. Do you do newsletters by email?

  64. Hiya, I am really glad I’ve found this info. Nowadays bloggers publish just about gossip and web stuff and this is really irritating. A good web site with interesting content, that’s what I need. Thanks for making this website, and I will be visiting again. Do you do newsletters by email?

  65. Hiya, I am really glad I’ve found this information. Today bloggers publish only about gossip and net stuff and this is actually frustrating. A good blog with exciting content, that’s what I need. Thanks for making this site, and I’ll be visiting again. Do you do newsletters by email?

  66. Hiya, I’m really glad I have found this information. Today bloggers publish only about gossip and net stuff and this is really annoying. A good website with exciting content, this is what I need. Thanks for making this web-site, and I’ll be visiting again. Do you do newsletters by email?

  67. Hi there. I discovered your website via Google at the same time as looking for a related matter, your website got here up. It appears to be great. I’ve bookmarked it in my google bookmarks to visit then.

  68. Hiya, I’m really glad I’ve found this information. Today bloggers publish only about gossip and net stuff and this is actually frustrating. A good web site with exciting content, that’s what I need. Thanks for making this web-site, and I will be visiting again. Do you do newsletters by email?

  69. Hello there. I found your website by the use of Google even as searching for a similar matter, your website came up. It seems great. I’ve bookmarked it in my google bookmarks to visit then.

LEAVE A REPLY

Please enter your comment!
Please enter your name here