Nigeria’s widening budget deficit has pushed the country’s debt profile to jump 81 percent in four years to N35.465 trillion as of June 2021 from N19.636 trillion in 2017
The ability of Nigerian states and other tiers of government to meet their various obligations is under more risk as gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government dropped by N68billion in November.
FAAC allocation to the three ti
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