States’ debts hit N11.4tn as federal allocations rise

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•Foreign debt hits $4.89bn as states owe N4.27tn local debt, Lagos, Rivers, Kaduna, Delta, Edo top chart The total debt of Nigerian states has risen to N11.47tn as of June 30, 2024 despite higher allocations from the Federation Account Allocation Committee. This is according to an analysis of data from the public debt reports released

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