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    Lagos State, South West Nigeria, is number one among the Highly Indebted States in Nigeria in both external and domestic debts with N1.043 trillion in 2018, in a latest report by the Economic Confidential. While the external debt stock of Lagos amounts to N513.514 billion, the local debt stock settled at N530.243 billion. In a ...
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    The Economic Confidential has released its Annual States Viability Index ( ASVI) which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in 2017 were far below 10% of their receipts from the Federation Account Allocations (FAA) in the same year. The index carefully and painstakingly computed proved that without the ...
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    KEN UGBECHIE Evidence of improvement in the nation’s revenue profile was indexed in the latest revelation by the Nigeria Extractive Industries Transparency Initiative (NEITI). A statement by the nation’s extractive industry watchdog suggests a massive jump in the disbursements by the Federation Account Allocation Committee (FAAC). A total sum of N6.418 trillion was disbursed in ...