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Paris Club Fund, Six States Yet to Gain Full Access

Paris Club Fund, Six States Yet to Gain Full Access

Dr. Hamid Bobboyi, the Executive Secretary of Universal Basic Education Commission (UBEC), on Tuesday the 9th of July named six states of the federation that are yet to gain full access to the Paris Club counterparts fund.

The six states Bobboyi mentioned are:  Anambra, Edo, Ekiti, Nasarawa, Kano states and the Federal Capital Territory (FCT).

The News Agency of Nigeria (NAN) reports that Bobboyi also gave a detailed list of states that have full access to the Paris Club counterpart fund. He mentioned Abia, Akwa-Ibom, Jigawa, Imo, Benue, Borno, Cross-River, Delta, Yobe, Kebbi, Kogi, Ebonyi, Niger, Lagos, Ogun and Plateau states. 

Other states that had accessed the funds include Bayelsa, Bauchi, Enugu, Kaduna, Katsina, Ondo, Oyo, Rivers, Gombe Sokoto, and Zamfara states.

According to him, as of July 9, 2019, the states had already accessed their funds in full. 

To the states who were yet to access the Paris Club counterparts fund, the executive secretary urged that they signify and follow the required guidelines to be able to access it.

For a state to be qualified to access the current fund, Bobboyi said the state ought to have remitted 75 per cent of the previous year’s fund.

As seen on the detailed list, Abia State is to remit N2,330,682,113.57 as matching grant to access the Paris Club counterparts fund.

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However, the following states have remitted some funds:

 

STATES AMOUNT
Akwa-Ibom State N2,703,556550.86
Bauchi State N2,268, 903,280.76
Bayelsa State N4,187,682,198.84
Borno State N1,473,832,843.82
Lagos State N1,473,832,845.30

Also reported by NAN was that at a one-day meeting to strengthen partnerships within the three tiers of government on the Sustainable Development Goals 4 (SDGs-4), the Permanent Secretary, Ministry of Education, Mr Sonny Echono urged FCT and other states that were yet to access the funds to do so for the development of the educational sector.

Having commended the states that had accessed the fund, Echono said that the Paris Club loan refund was to allay the challenges of the Universal Basic Education Fund.

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