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REVEALED: Katsina, Rivers, Lagos among the biggest beneficiaries of Paris Club refund

metro by metro
March 23, 2017
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The federal government has finally revealed how much of the Paris Club refund was received by each state, with Katsina and oil producing states leading the pack.
According to data released late Wednesday, Katsina, Rivers, Bayelsa, Akwa Ibom, Delta, and Lagos received N14.5 billion each.
The states with the lowest allocation were Taraba, Adamawa, Ondo, Kwara, Gombe, and Ekiti which got between N4.2 billion and N8.9 billion each.
Data on Kano state is unavailable.
“Paris Club refund” is a fall-out from the wrongful deductions from states to pay Nigeria’s foreign debts in 2005.
Whereas many of the states did not take foreign loans, the federal government wrongfully took money from the federation account to pay off the creditors, thereby denying the debt-free states their share of revenue.
In 2005, Nigeria finally settled the debts by paying the Paris Club of creditors $12 billion to get a $18 billion write-off, but states that did not take foreign loans protested.
They are now being refunded their portion from the federation revenue that was used to pay off the debts.
This is the second refund under President Muhammadu Buhari.
Here is a full breakdown of what each state received:

STATE

PARIS CLUB REFUND

ABIA
N10,631,324,520.96
ADAMAWA
N4,894,891,184.12
AKWA IBOM
N14,500,000,000
ANAMBRA
N11,386,281,466.35
BAUCHI
N12,792,664,403.93
BAYELSA
N14,500,000,000
BENUE
N12,749,689,453.61
BORNO
N13,654,138,849.49
CROSS RIVER
N11,300,139,741.28
DELTA
N14,500,000,000
EBONYI
N8,385,035,086.76
EDO
N11,329,495,462.04
EKITI
N8,877,476,163.58
ENUGU
N9,972,928,301.97
GOMBE
N8,319,552,518.63
IMO
N13,021,497,640.32
JIGAWA
N13,220,260,074.57
KADUNA
N14,362,416,363.24
KATSINA
N14,500,000,000
KEBBI
N11,118,149,054.10
KOGI
N11,211,573,328.19
KWARA
N9,188,250,190.51
LAGOS
N14,500,000,000
NASARAWA
N8,464,951,458.28
NIGER
N13,412,075,268.20
OGUN
N10,675,236,931.70
ONDO
N6,513,392,932.28
OSUN
N11,744,237,793.56
OYO
N7,206,041,943.30
PLATEAU
N10,497,987,043.06
RIVERS
N14,500,000,000
SOKOTO
N11,980,499,096.97
TARABA
N4,202,983,799.33
YOBE
N10,068,371,796.86
ZAMFARA
N10,122,837,205.76

TOTAL

N388,304,379,072.96

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