Showing posts with label Nigeria; Economy; States; Debt Management Office. Show all posts
Showing posts with label Nigeria; Economy; States; Debt Management Office. Show all posts

Tuesday, August 23, 2016

States Groan Under ₦3.7tr Debt Burden — Daily Trust Investigation

Image source: Daily Trust
The 36 states of the federation and the Federal Capital Territory are indebted to the tune of ₦3.7 trillion, nearly two-third of their 2016 total budgets, making it nearly impossible for them to pay workers salaries and execute projects, Daily Trust investigations have shown.