Breaking: FG reveals how much each state got from Paris Club Refund

The Federal Government has released a State by State breakdown of the first tranche of Paris Club refunds paid to date. These payments which totalled N516.38bn were made to the 36 States plus FCT upon the approval of Present Muhammadu Buhari on November 21st 2016 in partial settlement of long sanding claims by State Governments relating to over-deductions from their Federation Account Allocation Committee (FAAC) allocation for external debt service arising between 1995 and 2002.

These 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 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 per cent 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.

A detailed report is being compiled for presentation to the Acting President, Professor Yemi Osinbajo, as part of the process for approval for the release of any subsequent tranches.
The following are the breakdown of the amount of the first tranche of the Paris Refund Club Fund received by each state:

ABIA N11,431,531,742.97,

ADAMAWA N10,257,434,321.63,

AKWA IBOM N25,981,255,165.12.

ANAMBRA N12,243,313,404.68,

BAUCHI N13,755,553,122.51,

BAYELSA N24,895,696,347.55,

BENUE N13,709,343,498.51,

BORNO N14,681,869,730.63,

CROSS RIVER N12,150,687,893.85,

DELTA N27,606,963,362.46,

EBONYI N9,016,166,759.96,

EDO N12,182,253,184.99.

EKITI N9,545,673,294.17,

ENUGU N10,723,578,819.32,

GOMBE N8,945,755,396.38,

IMO N14,001,610,365.94,

JIGAWA N14,215,333,413.52

KADUNA N15,443,458,455.10,

KANO 21,740,390,362.48,

KATSINA N16,404,261,819.71,

KEBBI N11,954,998,982.90,

KOGI N12,055,455,191.60,

KWARA N10,241,288,653.14,

LAGOS N16,743,876,266.21,

NASARAWA N9,102,098,342.24,

NIGER N14,421,586,309.89,

OGUN N11,478,749,388.92,

ONDO N14,007,296,628.57,

OSUN N12,628,212,681.25,

OYO N13,315,423,054.25,

PLATEAU N11,288,158,110.82.

RIVERS N34,925,785,322.06,

SOKOTO N12,882,257,093.52,

TARABA N9,326,607,975.00,

YOBE N10,826,206,233.18,

ZAMFARA N10,884,771,188.99,

FCT N1,369,735,000.09

These brought the total amount shared to N516,384,636,883.81 billion.