SDP PARLEYS MEDIA AHEAD OF 2027 GENERAL ELECTIONS. (PHOTO).

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 SDP PARLEYS MEDIA AHEAD OF 2027 GENERAL ELECTIONS  The Social Democratic Party, SDP has disassociated itself from those calling for the rescheduling of the 2027 general elections due to the confirmed case of Ebola in Nigeria. A statement by the Presidential candidate of the Party, Prince Adewole Adebayo indicates that just one case of the disease recorded is not enough to cancel or reschedule the election that is already at hand, as the situation is not yet a pandemic. He explains that the country has the ability to take care of the situation. The statement further encourages the media to be as independent and unbiased as possible in reporting the forthcoming general election. It emphasises the media's role in sustaining democratic governance in the country. The SDP Presidential candidate encourages media practitioners to get acquainted with the party's manifesto and enlighten the public adequately, enabling them to actively engage the party during campaigns.
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FG EXPLAINS PARIS CLUB REFUND TO STATES.#PRESS RELEASE.

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    FEDERAL MINISTRY OF FINANCE
HEADQUARTERS, CBD, AHMADU BELLO WAY, ABUJA
PRESS UNIT
News Release September 11, 2018
The Federal Ministry of Finance on Tuesday provided some clarifications on the Paris Club Refund approved for the 36 States of the Federation.
2. It will be recalled that the issue of Paris Club loan over-deduction had been a long standing dispute between the Federal Government and the State Governments which dated back to the period of 1995 to 2002. In response to the dispute, President Muhammadu Buhari directed that the claims of over-deduction should be formally and individually reconciled by the Debt Management Office (DMO). This reconciliation commenced in November 2016.
3. As an interim measure to alleviate the financial challenges of the States during the 2016 recession, the President had approved that fifty percent (50%) of the amounts claimed by States be paid to enable the States clear salary and pension arrears. This was released between 1st December, 2016 and 29th September, 2017. This refund was part of the Government’s fiscal stimulus to ensure the financial health of Sub-National Governments.
4. The DMO led the reconciliation process under the supervision of the Federal Ministry of Finance. The final approval of US$2.689 billion is subject to the following conditions:
(i) Salary and staff related arrears must be paid as a priority;
(ii) Commitment to the commencement of the repayment of Budget Support Loans granted in 2016, to be made by all States;
(iii) Clearing of amounts due to the Presidential Fertiliser Initiative,
(iv) Commitment to clear matching grants from the Universal Basic Education Commission (UBEC) where some States have available funds which could be used to improve primary education and learning outcomes.
5. The payment of the approved amount is to be made in phased tranches to the States.
Signed:
Hassan Dodo    
 Director (Information)
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