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Read More »FAAC’s growing windfall fails to curb rollover of states’ loans, up to over N4trn – THISAGE
Nigerian states are increasing borrowing despite a sharp increase in allocations by the Federation Account Allocation Committee (FAAC), raising fresh concerns over fiscal sustainability and weak internally generated revenue (IGR) growth. Recent data shows a reversal of the fiscal consolidation trend seen in 2024. According to the National Bureau of Statistics (NBS), states’ domestic debt declined significantly from 5.8 trillion …
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