Monday, 25 December 2017

Paris Club fund and why you must question your Governors

Image result for pictures of 36 states and capital
The federal government has released a state-by-state breakdown of another tranche of Paris Club refund. The money was released alongside the allocations from the Federal Accounts Allocation Committee (FAAC).

Idris Ahmed, accountant general of the federation, who announced this in a statement, said it was done so that Nigerians could have a better Christmas.

A statement from the ministry of finance said these payments totalled N243, 795,465,195.20.

Paris Club refund is a 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.

Two tranches had been released earlier. Below is exactly how much every state got:

STATE, AMOUNT

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 6,091,126,592.24

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

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