CBN Releases Names Of 19 States Given Bailout & How Much Each Received

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The Central Bank of Nigeria, CBN said on Friday that 19 of the 36 states of the federation have so far benefitted from the workers’ salary bailout package.

The states that applied for and received various sums from the aid include Kwara, Zamfara, Osun, Niger, Bauchi, Gombe, Abia, Adamawa, Ondo, and Kebbi, the CBN states.

Others include Ekiti, Imo, Ebonyi, Ogun, Plateau, Na$$arawa, Sokoto, Edo and Oyo which were granted their packages this week.

CBN spokesperson, Ibrahim Mu’azu, said the bailout, which was in line with the recent resolution by the National Economic Council, NEC, was to enable the affected states to pay the backlog of workers’ salary arrears.

The package has a 20-year repayment tenor for all states, except Ogun State, which opted for a 10 year tenor.

Mr. Mu’azu explained that contrary to reports that Ogun state accessed N20 billion from the bailout, the state actually received a total of N18.9 billion.
The Nigeria Labour Congress, NLC had on Thursday pledged to work with the Independent Corruption Practices and related offence Commission, ICPC to monitor the use of the N338 billion total bailout meant for use in paying workers.

The Congress directed its affiliate councils in the states to serve as whistle blowers to report any criminal diversion of bailout funds by the state governments.

The states that benefited from the funds, which the NLC said it would monitor include:

Abia (N14.152bn)
Adamawa( N2.378bn)
Bauchi (N8.60bn)
Bayelsa (N12.85bn)
Benue(N28.013bn)
Borno(N7.680bn)
Cross River(N7.856bn)
Delta( N10.036bn)
Ebonyi(N4.063bn)
Edo(N3.167bn)
Ekiti (N9.604bn)
Enugu (N4.207bn)
Gombe (N16.459bn)
Imo (N26.806bn)
Kastina (N3.304bn)
Kebbi (N0.690bn)
Kogi (N50.842bn)
Kwara (N4.320bn)
Nasarawa (N8.317bn)
Niger (N4.306bn)
Ogun (N20.00bn)
Ondo (N14.686bn)
Osun(N34.988bn)
Oyo( N26.606bn )
Plateau (N5.357bn)
Sokoto (N10.093bn)
Zamfara (N10.02bn)

Source:PremiumTimes

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