Details of Paris Club Loan Refund Released To States By Federal 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
		243795465195.2

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.