Nigerian states have seen their collective debts decline marginally in the first quarter (Q1) of 2025 buoyed by an almost 50 percent jump in federally allocated revenue received in the same period, an analysis by BusinessDay has shown.
According to a quarterly data released by the Debt Management
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Wasiu Alli
Wasiu Alli is a business, economics cum data journalist with strong expertise covering macro trends, capital markets, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. He’s an alumnus of Lagos State University and trained at Lagos Business School. He formerly heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.
