state governments
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Nigeria CBN Exposes Financial Strain: 31 States Default on N339.9bn Loans
The Central Bank of Nigeria (CBN) has revealed that as of September 2023, thirty-one state governments collectively owe a staggering sum of N339.9 billion. This debt stems from funds acquired to cover workers' salaries between 2015 and 2023, facilitated through the Salary Bailout Facility... -
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Politics Buhari Approves N522b To States For Payment of Salary and Pension Arrears
Nigeria President Muhammadu Buhari has reacted to the current economic situation in the country by releasing some cash to state government to off set its back log salary and pension arrears. President said, “I have approved the disbursement of 522 billion naira to the State Governments, to...- ProfRem
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