35 states receives USD1.2 billion from FG

budget

According to statistics released by the Federal Accounts Allocation Committee (FAAC) as at December 27, 2016, 35 states have been paid a total of NGN388.3 billion as refund from the Paris Club loan over decisions.

This payments were made to help salvage the effect of the economic crunch on the state governments.

This figure is aside the budget support facility the states have received on a regular basis since 2016, from the Federal Government, as part of financial support to state governments.

A breakdown of the payment is as follows; Abia state received NGN10 billion , Adamawa -NGN4.8 billion, , Akwa Ibom- NGN14.5 billion, Anambra- NGN11.3 billion while Bauchi state got NGN12.7 billion N10.6 billion.

In the same vein, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi and Edo states were paid NGN14.5 billion, NGN12.7 billion, NGN13.6 billion, NGN11.3 billion, NGN14.5 billion, NGN8.3 billion and NGN11.3 billion respectively.

According to the FAAC document, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Katsina, Kebbi and Kogi states got NGN8.8 billion, NGN9.9 billion, NGN8.3 billion, NGN13.02 billion, NGN13.2 billion, NGN14.3 billion, NGN14.5 billion, NGN11.1 billion and NGN11.2 billion respectively, from the Federal Government.

As already stated, Kwara state got payments in two tranches tagged on the FAAC document as Kwara 22a and Kwara 22b. The figure for Kwara 22a as contained on the document is NGN5.4 billion while Kwara 22b is NGN3.7 billion.

The payment breakdown also shows that Lagos state got NGN14.5 billion, Nasarawa NGN8.4 billion, Niger NGN13.4 billion, Ogun NGN10.6 billion, Ondo NGN6.5 billion and Osun NGN11.7 billion while Oyo state got NGN7.2 billion.

In the other disbursements, Plateau, Rivers, Sokoto, Taraba, Yobe and Zamfara states got NGN10.4 billion, NGN14.5 billion, NGN11.9 billion, NGN4.2 billion, NGN10.06 billion and NGN10.1 billion respectively.

The various payments to the states is indicative of the Buhari presidency’s commitment to ensuring inclusive development and the actualization of the administration’s agenda.

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