States Drown In ₦1.06 Trillion Debts Despite Record 2024 Revenue
By MELVIN KOFFA NIGERIA’S subnational governments are once again facing a crisis of credibility: despite receiving the highest revenue inflows in their history, states collectively owe contractors and retirees a staggering ₦1.06 trillion. BudgIT’s 2025 State of States report paints a troubling picture of fiscal indiscipline, misplaced priorities, and deepening structural weaknesses across the federation. […]
