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FG releases Details of Paris Club Refund (FULL LIST)
 
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Wed, 19 Jul 2017   ||   Nigeria,
 

The Nigerian government has released details of payments to the 36 states as refund of “over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).”

The latest payment is the second tranche of the refunds to the states. A total of N243.8 billion was released to the 36 states and Abuja in the second tranche.

The Minister of Finance, Kemi Adeosun, said approval for the release of the fund was given by Acting President Yemi Osinbajo on May 4.

The details, released by the Ministry of Finance on Tuesday evening, showed that Akwa Ibom, Bayelsa, Delta, Kano and Rivers received the largest sum of N10 billion each.

The states had earlier promised to use a large chunk of the money to settle debts owed workers and pensioners in their respective domains.

“The releases were conditional upon a minimum of 75 per cent being applied to the payment of workers’ salaries and pensions for States that owe salaries and pension,” Salisu Dambatta, a finance ministry spokesperson said in the statement.

The finance ministry said it was reviewing the impact of these releases on the level of arrears owed by the various state governments.

Below is the full list of the amount received by each state.                           

RE-REIMBURSEMENTS OF OVERDEDUCTIONS ON PARIS CLUB LOANS FROM STATE GOVERNMENT

MANDATE TO THE CENTRAL BANK OF NIGERIA: 2ND INSTALMENT                   

S/N      STATE           AMOUNT PAYABLE (NGN)       

1          ABIA                       5715765871.48          

2          ADAMAWA              6114300352.68          

3          AKWA-IBOM            10000000000 

4          ANAMBRA               6121656702.34          

5          BAUCHI                  6877776561.25          

6          BAYELSA                10000000000 

7          BENUE                   6854671749.25          

8          BORNO                  7340934865.32          

9          CROSS RIVER        6075343946.93          

10        DELTA                     10000000000 

11        EBONYI                  4508083379.98          

12        EDO                       6091126592.49          

13        EKITI                      4772836647.08          

14        ENUGU                  5361789409.66          

15        GOMBE                  4472877698.19          

16        IMO                       7000805182.97          

17        JIGAWA                 7107666706.76          

18        KADUNA                7721729227.55          

19        KANO                    10000000000 

20        KATSINA                8202130909.85          

21        KEBBI                    5977499491.45          

22        KOGI                     6027727595.8

23        KWARA                 5120644326.57          

24        LAGOS                  8371938133.11          

25        NASARAWA           4551049171.12          

26        NIGER                   7210793154.95          

27        OGUN                    5739374694.46          

28        ONDO                    7003648314.28          

29        OSUN                    6314106340.62          

30        OYO                      7901609864.25          

31        PLATEAU                5644079055.41          

32        RIVERS                  10000000000 

33        SOKOTO                 6441128546.76          

34        TARABA                  5612014491.52          

35        YOBE                     5413103116.59          

36        ZAMFARA               5442385594.49          

37        FCT                        684867500.04

 

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