Nine Oil States Share N341bn Derivation Funds Amid Debt, Infrastructure Challenges
The nine oil-producing states of Nigeria received a total of N341.59 billion from the federation account in the first half of 2024, allocated based on the 13 percent derivation…
Nigeria Plans N31tn Borrowing to Fund Debt, With Total Debt Projected to Hit N170tn by 2027
The Nigerian government is planning a staggering N31.24 trillion in fresh borrowings over the next three years, with projections indicating that the country’s total debt could soar to nearly N170…