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FG makes public, details of Paris Club Refunds to 36 States, FCT.

The federal government, FG, has released a State by State breakdown of the first tranche of Paris Club refunds paid to date.

Aa statement by Salisu Na’inna Dambatta, Director (Information), Federal Ministry of Finance on Friday said 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.

He said it is in partial settlement of longstanding 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.

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.

Dambatta disclosed that 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.

See the table below as released by the Federal Ministry of Finance:

REFUND OF OVER-DEDUCTIONS ON PARIS CLUB LOANS ON THE ACCOUNTS OF STATE AND LOCAL GOVERNMENTS (1995-2002)

 

TOTAL AMOUNT PAID IN NGN

     
S/N STATE
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 14,681,869,730.63
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
TOTAL 516,384,636,883.81

 

END

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