The Federal Government has decided to stop further deductions from the accounts of state governments over the Paris club debt.
The Nigeria Governors Forum (NGF) Chairman, Governor Aminu Tambuwal, disclosed this in a communique after a meeting on Tuesday.
Tambuwal said another reason why the FGN agreed to stop deductions from State Governments’ accounts is “to meet Local Government Councils London/Paris Club obligations.”
He revealed that the minister of Finance, Zainab Shamsuna Ahmed also promised to ensure the refund of what had been deducted before now from the states government accounts.
Tambuwal said meeting also effected changes in the forum’s leadership with the Kwara State Governor, Abdulrahman Abdulrazaq emerging as the new Chairman, with Oyo State’s Governor Seyi Makinde as Vice Chairman.
“Members were briefed by the Chairman of the forum that the Hon. Minister of Finance has granted the request of the forum to immediately stop further deductions from the accounts of States to meet Local Government Councils London Paris Club obligations and the monies so far deducted be paid back to the States.
“On the leadership of the forum, the Governor of Kwara State, Abdulrahman Abdulrazaq, emerged the new Chairman of the Nigeria Governors’ Forum through a consensus, and the Governor of Oyo State Seyi Makinde is now the Vice-Chairman.”