Top 10 STates thsfippa.comat Benefitted From FG's ₦457bn salary bailout funds
10 states have been listed as receiving the highest combined funds totalling about ₦168 billion from the CBN.
large borrowing, however, is attributed to the state's large number of civil servants
Oyo State, currently led by the PDP came in fourth place with a borrowing of ₦16.81 billion. The state, despite its size by population and its economic status, is still listed as a high borrower as it aimed to offset its fiscal responsibilities.
PDP-controlled Osun State came in fifth position with a loan amount of ₦15.93 billion. The state also sought help from the CBN to settle its salary obligation to its civil servants.
Edo state which is controlled by the PDP borrowed ₦15.76 billion to help with salary payments in the state
APC-controlled Benue State, despite its tag as the country's food basket, came sixth on the list requiring ₦15.7 billion to pay salaries.
Ondo State, currently led by the APC, came next with borrowing of ₦14.86 billion. Despite its huge agricultural potential, like other states, Ondo still depends on the CBN for help in offsetting its workers’ salaries.
Kaduna State came next with ₦14.47 billion. To stay in line and maintain stability in the civil service, the APC-governed state has turned to the SBF for help.
Abia State now controlled by the Labor party came in tenth position with an amount of ₦14.27 billion borrowed for salary payments.
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