CBN Publishes List of 19 States Offered Bailouts to Help With Backlog of Workers’ Salaries

Nigerian-Market

The Central Bank of Nigeria (CBN) has published a list of 19 states provided with bailout packages to help out with paying the backlog of workers’ salaries.

The states are –

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  • 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)

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These are states that have received the CBN bailout funds or scheduled to receive it soon.

CBN’s spokesman, Ibrahim Mu’azu, explained that the bailout was the result of the resolution reached by the National Economic Council (NEC) during a recent meeting.

The states will be repaying the loans over a 20-year period, but Ogun State opted for a 10-year repayment plan.

About the Author

Paulo Emem
Paulo is an avid reader and writer. He reports general news for Nigerian-News and also writes for a couple of other national newspapers. You can find him playing lawn-tennis or beach volleyball when he is not nosing around for news. Wanna get in touch? Contact him on [email protected]

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