Nigerian Government Release Details Of Paris Club Fund Disbursement To States, Rivers State Got Highest Shear


Minister of Finance, Mrs Kemi Adeosun (L) and Permanent Secretary in the Ministry, Mr Mahmud Dutse, at a Briefing on Independent Revenue in Abuja on Thursday


The Federal Government on Friday 9th of June, 2017 released details of what each state got from the first tranche of Paris Club refunds, showing Rivers State as the biggest beneficiary.

The State got N34.9billion. Delta followed with N27.6b, Akwa Ibom got N25.98billion and Bayelsa N24.89b.

Cross River and Edo states got about N12.1 billion each.

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 totaling 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 other tranche, according to a statement by the Federal Ministry of Finance.

Below is the state-by-state breakdown

S/N STATES 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

TOTAL 516,384,636,883.81

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One thought on “Nigerian Government Release Details Of Paris Club Fund Disbursement To States, Rivers State Got Highest Shear

  1. Pingback: Buhari Demand That State Governors Pay Workers Before Christmas Through Paris Club Refund | Smart9ja News/Entertainment

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