The debt status of states in Nigeria have been revealed. Ondo State Debt Profile at April 2019 is 49,123,506,028.25 naira The Fiscal Responsibility Commission, FRC, guidelines said that the debt status of each state should not exceed 50 per cent of the statutory revenue in the previous 12 months. Most of the states’ debts exceeded […]
The debt status of states in Nigeria have been revealed. Ogun State Debt Profile at April 2019 is 98,716,941,494.10 naira The Fiscal Responsibility Commission, FRC, guidelines said that the debt status of each state should not exceed 50 per cent of the statutory revenue in the previous 12 months. Most of the states’ debts exceeded […]