Despite a notable increase in revenue from the Federation Account Allocation Committee (FAAC), ten Nigerian states have collectively amassed ₦417.7 billion in additional domestic borrowing over the past year, based on official data from the Debt Management Office (DMO). Between Q1 2024 and Q1 2025, Rivers, Enugu, Niger, Taraba, Bauchi, Benue, Gombe, Edo, Kwara, and … Continue reading Nigerian States Accumulate ₦417bn In New Domestic Debt Despite Increased Federal Allocations