CBN Publishes List Of 19 States Given Bailout, Amounts (See List)

The Central Bank of Nigeria, CBN has on Friday published the list of 19 states that have benefitted from the workers’ salary bailout package.
This disclosure was made known by its spokesman, Ibrahim Mu’azu.

Mu’azu explained that the bailout was in line with the recent resolution by the National Economic Council, NEC, adding that the development would ensure the affected states pay the backlog of their workers’ salary arrears.

Below are all the states that benefited from the funds and amount received or to receive soon.

– 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 (N19.00bn)
– Ondo (N14.686bn)
– Osun (N34.988bn)
– Oyo (N26.606bn )
– Plateau (N5.357bn)
– Sokoto (N10.093bn)
– Zamfara (N10.02bn)

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