Nigeria's Federal Government reported a staggering fiscal deficit of N13.50 trillion in 2023, with expenditures of N19.50 trillion outpacing revenues of N5.99 trillion. Debt servicing accounted for 43.9% of the budget, highlighting ongoing financial challenges and the urgent need for fiscal...
A new report by BudgIT, a civil society organisation, has shown that only four states in Nigeria can pay salaries without resorting to lending or going to Abuja for bailout funds.
The report, state of State 2017, was launched on Thursday and released to the public on Friday.
“Important is...
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