Paris Club refund: How FG shared among states

Paris Club refund: How FG shared among states

The Federal Government has released details of what each state got from the first tranche of Paris Club refunds. The refund was based on over deductio

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The Federal Government has released details of what each state got from the first tranche of Paris Club refunds. The refund was based on over deductions from the accounts of the 36 states and the 774 local councils between 1995 and 2002.

These payments which totaled 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 standing 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.

Below is the state-by-state breakdown

S/N           STATE                            TOTAL AMOUNT PAID IN NGN
1                Abia                                     11,431,531,742.97
2               ADAMAWA                      10,257,434,321.63
3               AKWA IBOM                    25,981,255,165.12
4               ANAMBRA                       12,243,313,404.68
5               BAUCHI                           13,755,553,122.51
6               BAYELSA                        24,895,696,347.55
7               BENUE                            13,709,343,498.51
8              BORNO                             14,681,869,730.6
9              CROSS RIVER                12,150,687,893.85
10            DELTA                            27,606,963,362.46
11            EBONYI                          9,016,166,759.96
12            EDO                                 12,182,253,184.99
13            EKITI                               9,545,673,294.17
14           ENUGU                          10,723,578,819.32
15            GOMBE                          8,945,755,396.38
16            IMO                                14,001,610,365.94
17           JIGAWA                           14,215,333,413.52
18           KADUNA                          15,443,458,455.10
19           KANO                               21,740,390,362.48
20           KATSINA                          16,404,261,819.71
21           KEBBI                                11,954,998,982.90
22           KOGI                                 12,055,455,191.60
23           KWARA                             10,241,288,653.14
24           LAGOS                              16,743,876,266.21
25           NASARAWA                     9,102,098,342.24
26           NIGER                               14,421,586,309.89
27           OGUN                               11,478,749,388.92
28           ONDO                               14,007,296,628.57
29           OSUN                                12,628,212,681.25
30           OYO                                   13,315,423,054.25
31           PLATEAU                           11,288,158,110.82
32           RIVERS                               34,925,785,322.06
33           SOKOTO                            12,882,257,093.52
34           TARABA                              9,326,607,975.00
35           YOBE                                  10,826,206,233.18
36           ZAMFARA                          10,884,771,188.99
37           FCT                                      1,369,735,000.09