FG releases N243.8B second tranche of Paris Club refund to States, FCT

The second tranche of Paris Club refunds has been released by the Federal Government to the 36 states and the Federal Capital Territory (FCT).

  A statement issued by the Director of Information, Ministry of Finance, Mr. Salisu Danbatta, explained that the N243, 795,465,195.20 billion reeleased to the 36 States and the FCT, was sequel to the May 4, 2017 approval by President Muhammad Buhari.

  Meanwhile, the refund is to be used for the 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.

Below is the detail of the release to the states and FCT.

Table below

S/N

STATE

AMOUNT PAYABLE (NGN)

1

ABIA

5,715,765,871.48

2

ADAMAWA

6,114,300,352.68

3

AKWA-IBOM

10,000,000,000.00

4

ANAMBRA

6,121,656,702.34

5

BAUCHI

6,877,776,561.25

6

BAYELSA

10,000,000,000.00

7

BENUE

6,854,671,749.25

8

BORNO

7,340,934,865.32

9

CROSS RIVER

6,075,343,946.93

10

DELTA

10,000,000,000.00

11

EBONYI

4,508,083,379.98

12

EDO

6,091,126,592.49

13

EKITI

4,772,836,647.08

14

ENUGU

5,361,789,409.66

15

GOMBE

4,472,877,698.19

16

IMO

7,000,805,182.97

17

JIGAWA

7,107,666,706.76

18

KADUNA

7,721,729,227.55

19

KANO

10,000,000,000.00

20

KATSINA

8,202,130,909.85

21

KEBBI

5,977,499,491.45

22

KOGI

6,027,727,595.80

23

KWARA

5,120,644,326.57

24

LAGOS

8,371,938,133.11

25

NASARAWA

4,551,049,171.12

26

NIGER

7,210,793,154.95

27

OGUN

5,739,374,694.46

28

ONDO

7,003,648,314.28

29

OSUN

6,314,106,340.62

30

OYO

7,901,609,864.25

31

PLATEAU

5,644,079,055.41

32

RIVERS

10,000,000,000.00

33

SOKOTO

6,441,128,546.76

34

TARABA

5,612,014,491.52

35

YOBE

5,413,103,116.59

36

ZAMFARA

5,442,385,594.49

37

FCT

684,867,500.04

TOTAL

243,795,465,195.20