Loans By Temitayo Jaiyeola Thirteen states plan to borrow or get aid assistance of N2.31tn in 2024 to fund their budget deficits, a breakdown of their 2024 proposed budget has shown. This will increase the states’ debt profile to at least N4.73tn. As of the end of September of 2023, the domestic debts of the states amounted to N2.61tn, according to data from the Data Management Office. The external debt profile of the states has not yet been published hence it was not added.
13 states plan fresh N2.3tn borrowing
13 states plan fresh N2.3tn borrowing
13 states plan fresh N2.3tn borrowing
Loans By Temitayo Jaiyeola Thirteen states plan to borrow or get aid assistance of N2.31tn in 2024 to fund their budget deficits, a breakdown of their 2024 proposed budget has shown. This will increase the states’ debt profile to at least N4.73tn. As of the end of September of 2023, the domestic debts of the states amounted to N2.61tn, according to data from the Data Management Office. The external debt profile of the states has not yet been published hence it was not added.