Tag: High Allocation

  • BORROWINGS RISE IN 10 STATES DESPITE HIGH ALLOCATIONS

    BORROWINGS RISE IN 10 STATES DESPITE HIGH ALLOCATIONS

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    Analysis of official data shows that at least 10 Nigerian states—Rivers, Enugu, Niger, Taraba, Bauchi, Benue, Gombe, Edo, Kwara, and Nasarawa—collectively increased their domestic debt by N417.7 billion year-on-year, from N884.9 billion in Q1 2024 to N1.3 trillion in Q1 2025, a 47.2% rise. Their combined debt also grew quarter-on-quarter by N42.3 billion approximately (3.4%),…