States across Nigeria owe contractors and retirees a combined ₦1.06tn in outstanding obligations despite receiving record revenues in 2024, according to new data from BudgIT’s 2025 State of States report.
The report shows that contractor arrears stood at ₦434.87bn, while pension and gratuit
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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
