The Federal Government has released details of how it allocated the first tranche of N516.38bn reimbursement made to the 36 states of the federation and the Federal Capital Territory from the Paris Club debt refund.
The schedule of reimbursement, which was released by the Ministry of Finance on Friday in Abuja, five states got the highest amounts of refund from the Federal Government.
The states are Rivers, which got N34.92bn; Delta, N27.6bn; Akwa Ibom, N25.98bn; Bayelsa, N24.89bn; and Kano, N21.7bn.
It is also understood through the analysis of the payment schedule that the five states got a total sum of N135.09bn, representing 26.1 per cent of the entire amount refunded by the Federal Government to all the states.
Lagos got N16.74bn; Katsina, N16.4bn; Kaduna, N15.44bn; Borno, N14.68bn; Jigawa, N14.2bn; Imo, N14.01bn; Niger, N14.42bn; Bauchi, N13.75bn; Sokoto, N12.88bn; and Osun, N12.62bn.
Others are Cross River, N12.15bn; Anambra, N12.24bn; Edo, N12.18bn; Kebbi, N11.95bn; Kogi, N11.05bn; Abia, N11.43bn; Ogun, N11.47bn; and Plateau, N11.28bn.
Similarly, Yobe State got N10.82bn; Zamfara, N10.88bn; Ebonyi, N9.01bn; Ekiti, N9.54bn; Enugu, N10.7bn; Gombe, N8.95bn; Nasarawa, N9.1bn; Oyo, N13.31bn; while Kwara got N10.24bn.
The rest are Adamawa, N10.25bn; Benue, N13.7bn; Ondo, N14.01bn; Taraba, N9.32bn; and the Federal Capital Territory, N1.36bn.
A statement signed by the Director of Information in the Finance ministry, Salisu Dambatta, said the payments were made upon the approval of President Muhammadu Buhari on November 21, 2016.
The schedule of reimbursement, which was released by the Ministry of Finance on Friday in Abuja, five states got the highest amounts of refund from the Federal Government.
The states are Rivers, which got N34.92bn; Delta, N27.6bn; Akwa Ibom, N25.98bn; Bayelsa, N24.89bn; and Kano, N21.7bn.
It is also understood through the analysis of the payment schedule that the five states got a total sum of N135.09bn, representing 26.1 per cent of the entire amount refunded by the Federal Government to all the states.
Lagos got N16.74bn; Katsina, N16.4bn; Kaduna, N15.44bn; Borno, N14.68bn; Jigawa, N14.2bn; Imo, N14.01bn; Niger, N14.42bn; Bauchi, N13.75bn; Sokoto, N12.88bn; and Osun, N12.62bn.
Others are Cross River, N12.15bn; Anambra, N12.24bn; Edo, N12.18bn; Kebbi, N11.95bn; Kogi, N11.05bn; Abia, N11.43bn; Ogun, N11.47bn; and Plateau, N11.28bn.
Similarly, Yobe State got N10.82bn; Zamfara, N10.88bn; Ebonyi, N9.01bn; Ekiti, N9.54bn; Enugu, N10.7bn; Gombe, N8.95bn; Nasarawa, N9.1bn; Oyo, N13.31bn; while Kwara got N10.24bn.
The rest are Adamawa, N10.25bn; Benue, N13.7bn; Ondo, N14.01bn; Taraba, N9.32bn; and the Federal Capital Territory, N1.36bn.
A statement signed by the Director of Information in the Finance ministry, Salisu Dambatta, said the payments were made upon the approval of President Muhammadu Buhari on November 21, 2016.
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