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Central Bank Releases Names Of 19 States That Received Bailout by WatchdogNews: 1:40pm On Sep 19, 2015
The Central Bank of Nigeria has released the names of the 19 out of 36 states that received bailout to pay workers’ salaries and also the amount that each state got.

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, Nassarawa, 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 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)







For more News update please visit www.watchdognews.net

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