The ministry of finance has released the state-by-state breakdown of the first tranche of Paris Club refunds paid by the federal government.
According to a statement signed by Salisu Dambatta, director of press, ministry of finance, the payments which totalled N516.38 billion were made to the 36 states and the FCT.
“The debt service deductions are in respect of the Paris Club, London Club and Multilateral debts of the FG and States. While Nigeria reached a final agreement for debt relief with the Paris Club in October 2005, some States had already been overcharged,” the statement read.
“The funds were released to state governments as part of the wider efforts to stimulate the economy and were specifically designed to support states in meeting salary and other obligations, thereby alleviating the challenges faced by workers.
“The releases were conditional upon a minimum of 50 percent being applied to the payment of workers’ salaries and pensions. The Federal Ministry of Finance is reviewing the impact of these releases on the level of arrears owed by State Governments.
Here is exactly how much every state got as refund of overdeductions made from 1995 to 2002:
STATE TOTAL AMOUNT PAID (NGN)
Abia 11,431,531,742.97
Adamawa 10,257,434,321.63
Akwa Ibom 25,981,255,165.12
Anambra 12,243,313,404.68
Bauchi 13,755,553,122.51
Bayelsa 24,895,696,347.55
Benue 13,709,343,498.51
Borno 14,681,869,730.63
Cross River 12,150,687,893.85
Delta 27,606,963,362.46
Ebonyi 9,016,166,759.96
Edo 12,182,253,184.99
Ekiti 9,545,673,294.17
Enugu 10,723,578,819.32
Gombe 8,945,755,396.38
Imo 14,001,610,365.94
Jigawa 14,215,333,413.52
Kaduna 15,443,458,455.10
Kano 21,740,390,362.48
Katsina 16,404,261,819.71
Kebbi 11,954,998,982.90
Kogi 12,055,455,191.60
Kwara 10,241,288,653.14
Lagos 16,743,876,266.21
Nasarawa 9,102,098,342.24
Niger 14,421,586,309.89
Ogun 11,478,749,388.92
Ondo 14,007,296,628.57
Osun 12,628,212,681.25
Oyo 13,315,423,054.25
Plateau 11,288,158,110.82
Yobe 10,826,206,233.18
Zamfara 10,884,771,188.99
Rivers 34,925,785,322.06
Sokoto 12,882,257,093.52
Taraba 9,326,607,975.00
FCT 1,369,735,000.09
TOTAL 516,384,636,883.81
A detailed report is being compiled for presentation to the Acting President Yemi Osinbajo, as part of the process for approval for the release of any subsequent tranches.
