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Tag: Damilola Ogundipe

13 States Technically Insolvent, Debts Rise 163%

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...