Buhari Approves Payment Of Outstanding Paris Club Refund

The prospects for financial solvency of State governments took an encouraging outlook on Monday, as President Muhammadu Buhari directed the Minister of Finance, Mrs. Kemi Adeosun; the Minister of Budget and National Planning, Udo Udoma; and the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to work with the 36 State governors on payment of outstanding Paris and London Clubs refunds before the end of this year.

The decision to pay outstanding Paris and London Clubs refunds was arrived at a meeting with the President and state governors at the Presidential Villa, Abuja on Monday.

According to information posted on one of the Presidency’s twitter handles, @NGRPresident, the meeting, among others, featured discussions on the nation’s economy, workers’ welfare as well as Federal-State relations, among others.

“President @MBuhari has directed the Ministers of @FinMinNigeria and Budget & National Planning and Governor @cenbank to commence negotiations with the Governors Forum to enable payment of outstanding Paris & London Club refunds, before the end of the year,” the information read.