What Each State Got as Paris Club Refund from FG

July 19, 2017
What Each State Got as Paris Club Refund from FG

What Each State Got as Paris Club Refund from FG

By Dipo Olowookere

Yesterday, the Federal Government, through the Ministry of Finance, announced the release of another tranche of N243 billion of the Paris Club Refund to the 36 states of the federation as well as the FCT.

The money was released on the condition that a minimum of 75 percent would be used to pay workers’ salaries and pensions for states that owe salaries and pension.

It was another tranche of Paris Club refund of over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of states and Local Governments from 1995-2002.

Below is what each state received as refund from the FG:

S/N            STATE                                          AMOUNT PAYABLE (NGN)

  • ABIA                                                 N5,715,765,871.48
  • ADAMAWA                                     N6,114,300,352.68
  • AKWA-IBOM                                  N10,000,000,000.00
  • ANAMBRA                                      N6,121,656,702.34
  • BAUCHI                                           N6,877,776,561.25
  • BAYELSA                                         N10,000,000,000.00
  • BENUE                                             N6,854,671,749.25
  • BORNO                                            N7,340,934,865.32
  • CROSS RIVER                                N6,075,343,946.93
  • DELTA                                             N10,000,000,000.00
  • EBONYI                                           N4,508,083,379.98
  • EDO                                                  N6,091,126,592.49
  • EKITI                                                N4,772,836,647.08
  • ENUGU                                            N5,361,789,409.66
  • GOMBE                                            N4,472,877,698.19
  • IMO                                                   N7,000,805,182.97
  • JIGAWA                                           N7,107,666,706.76
  • KADUNA                                          N7,721,729,227.55
  • KANO                                                N10,000,000,000.00
  • KATSINA                                          N8,202,130,909.85
  • KEBBI                                               N5,977,499,491.45
  • KOGI                                                 N6,027,727,595.80
  • KWARA                                            N5,120,644,326.57
  • LAGOS                                              N8,371,938,133.11
  • NASARAWA                                    N4,551,049,171.12
  • NIGER                                              N7,210,793,154.95
  • OGUN                                               N5,739,374,694.46
  • ONDO                                               N 7,003,648,314.28
  • OSUN                                                N6,314,106,340.62
  • OYO                                                   N7,901,609,864.25
  • PLATEAU                                         N5,644,079,055.41
  • RIVERS                                             N10,000,000,000.00
  • SOKOTO                                           N6,441,128,546.76
  • TARABA                                           N5,612,014,491.52
  • YOBE                                                 N5,413,103,116.59
  • ZAMFARA                                        N5,442,385,594.49
  • 37 FCT                                               N684,867,500.04
  • TOTAL                                              N243,795,465,195.20

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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