Investigation shows 15 out of Nigeria’s 36 states going bankrupt
Fifteen out of the country’s 36 states may go bankrupt as their Internally Generated Revenues (IGR) in 2015 was far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016, an investigation by Economic Confidential has shown. The report further indicates that the IGR of Lagos State of […]
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