Reps approve N308bn promissory note to settle outstanding claims for export grant

“That approval and release of the sum of N308, 458, 160, 546. 41 (three hundred and eight billion, four hundred and fifty-eight million, one hundred and sixty thousand five hundred and forty–six) naira, forty-one kobo only for one hundred and ninety-four beneficiary companies whose claims have been reviewed and validated. This total sum comprises the following categories of claims.

“N193, 456, 239, 386. 40 (one hundred and ninety-three billion, four hundred and fifty-six million, two hundred and thirty -nine thousand, three hundred and eighty-six Naira, forty Kobo) only for one hundred and thirty–three (133) beneficiaries in respect EEG outstanding claims for 2017-2020. N108,317,269,008.76 (one hundred and eight billion, three hundred and seventeen million, two hundred and sixty-nine thousand, eight naira, seventy-six kobo) only for thirty-five (35) beneficiaries in respect of EEG backlog claims of 2007-2016.

“N68,389,000.00 (sixty-eight million, three hundred and eighty -nine thousand, naira) only for thirteen (13) beneficiaries in respect of stock of outstanding Negotiable Duty Credit Certificates (NDCCs), N6,617,781,151.25 (six billion, six hundred and seventeen million, seven hundred and eighty-one thousand and one hundred and fifty-one naira, twenty-five) kobo for sixty-nine (69) beneficiaries only in respect of shortfall in the approval claims by the 8th National Assembly.”

(Vanguard)