N338bn Bailout, State by state breakdown

 

Cash-strapped workers who are being owed salaries are set to smile again, with the disbursement of the Central Bank of Nigeria (CBN) – backed bailout loans for states.

Fourteen banks are disbursing N338 billion “to stimulate the economy”. Kwara and Zamfara have received their loans and have begun the payment of salary arrears to workers.

A CBN source confirmed that the other states will get the cash this week.

A breakdown of the loans repayable at an interest rate of nine per cent over 20 years is as follows:

Abia- N14.152b; 

Adamawa- N2.378b; 

Bauchi- N8.60b; 

Bayelsa – N1.285b; 

Benue – N28.013b; 

Borno – N7.680b; 

Cross River – N7.856b; 

Delta – N10.036b; 

Ebonyi – N4.063b; 

Edo – N3.167b; 

Ekiti – N9.604b; 

Enugu – 4.207b; 

Gombe – N16.459b; 

Imo – N26.806b; 

Katsina – N3.304b; 

Kebbi – N0.690b; 

Kogi – N50.842b; 

Kwara – N4.320b; 

Nasarawa – N8.317b; 

Niger – N4.306b; 

Ogun – N20.00b; 

Ondo – N14.686b; 

Osun – N34.988b; 

Oyo – N26.606b; 

Plateau – N5.357b; 

Sokoto – N10.093b;

Zamfara – N10.020b.