…FAAC allocations jump 161% in three years, IGR lags States across Nigeria are ramping up borrowing despite a significant surge in allocations from the Federation Account Allocation Committee (FAAC). These allocations have risen by 161 per cent over the past three years, raising urgent concerns regarding fiscal sustainability and the sluggish growth of Internally Generated […]
read more Nigerian states return to debt markets as domestic borrowing hits N4trn