FINANACIAL BAILOUT: WHERE IS THE MONEY GIVEN TO THE STATES ?

On Friday 18th, September, Central Bank of Nigeria, CBN said that 19 of the 36 states of the federation have so far benefited from the workers’ salary bailout package. However, two months after, the states are yet to effect this package!

A friend wrote this thought provoking note to me “Toba,I think bloggers should look into the bailout funds. 

Where is the money given to the states? What has the governors done with it? Workers were paid two months out of several months owed them. Government resumed construction of road without payment of lecturers salaries for 7 to 8 months going. Universities and staff schools are sending staff children out of school bcos of nonpayment of school fees. Where would they get the children school fee when they are not paid by the government?”

The states that benefited from the aid include Ekiti, Imo, Ebonyi, Ogun, Plateau, Nassarawa, Sokoto, Edo, Oyo Kwara, Zamfara, Osun, Niger, Bauchi, Gombe, Abia, Adamawa, Ondo, and Kebbi.

The main purpose of the bailout was to enable the affected states to pay the backlog of workers’ salary arrears.

The states that benefited from the bailout and the funds allocated are as follows:

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 (N18.9 bn)
Ondo (N14.686bn)
Osun(N34.988bn)
Oyo( N26.606bn )
Plateau (N5.357bn)
Sokoto (N10.093bn)
Zamfara (N10.02bn)