Nigerian Govt Releases Details of Paris Club Payment to States (FULL DETAILS)

July 19, 2017

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.

See the full details of the amount received by each state below.

Attachments area

 

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

MANDATE TO THE CENTRAL BANK OF NIGERIA: 2ND INSTALMENT

S/NSTATEAMOUNT PAYABLE (NGN)

1ABIA5715765871.48

2ADAMAWA 6114300352.68

3AKWA-IBOM10000000000

4ANAMBRA 6121656702.34

5BAUCHI 6877776561.25

6BAYELSA1 0000000000

7BENUE 6854671749.25

8BORNO 7340934865.32

9CROSS RIVER6075343946.93

10DELTA 10000000000

11EBONY I4508083379.98

12EDO 6091126592.49

13EKITI 4772836647.08

14ENUGU 5361789409.66

15GOMBE 4472877698.19

16IMO 7000805182.97

17JIGAWA 7107666706.76

18KADUNA 7721729227.55

19KANO 10000000000

20KATSINA 8202130909.85

21KEBBI 5977499491.45

22KOGI 6027727595.8

23KWARA 5120644326.57

24LAGOS 8371938133.11

25NASARAWA 4551049171.12

26NIGER 7210793154.95

27OGUN 5739374694.46

28ONDO 7003648314.28

29OSUN 6314106340.62

30OYO 7901609864.25

31PLATEAU 5644079055.41

32RIVER S10000000000

33SOKOTO 6441128546.76

34TARABA 5612014491.52

35YOBE 5413103116.59

36ZAMFARA 5442385594.49

37FCT684867500.04

243795465195.2

 

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