News

States debt to hit N1.34tn over palliative loans

    Findings have revealed that the latest subsidy palliative loans may drive 36 states’ borrowing from the Federal Government to N1.34tn. According to The PUNCH, the debt under the budget support facility of the Federal Government comprised a total of N614 billion in 2019, followed by an additional debt of N656 billion in 2021. […]