Pension/Salary Arrears: N740bn
Oil Subsidy Debt: N350bn
Paris Club Overdeductions: $5.4bn
JV CashCall Arrears: $6.8bn
Contractor Debt/EEG Debt: N1.9 Trn
Refunds to States for Roads: N488bn
Total: 7 TRILLION Naira
All now being paid/settled. Even amidst relatively-low oil prices.
See this thread from earlier this year by former Finance Minister @HMKemiAdeosun:
In 2016 PMB directed that the claims of over-deduction be formally reconciled by the DMO.
Balance of 50% - amounting to ~$2.7bn - has just been paid, in fulfillment of PMB’s Promise: google.com/amp/sunnewsonl…
Another Debt Paid.
Then agreed a payment plan for the $5.1bn, while also committing to ongoing payments of fresh obligations