13 States Technically Insolvent, Debts Rise 163%
Thirteen States in Nigeria may have become technically insolvent as an independent research report indicated they failed fiscal sustainability test.
According to the research conducted by BudgIT, a public sector-focused financial information house, the states’ revenues could not fund...
CSOs To Fed Govt: Privatise Refineries
A consortium of 15 civil society organisations on Tuesday asked the Federal Government to privatise Nigeria’s refineries and commit to the sustainability of the no-subsidy regime by articulating it into a law.
According to the CSOs, this would help the...
Without Federal Allocation, 33 States Can’t Survive - Report
Thirty-three state governments cannot finance their recurrent expenditure without allocation from the federation account, a report prepared by BudgiT has said.
The federation account, according to nigerianstat.gov.ng, is the central pocket through which the three tiers of...
