Lagos, Rivers dominate Nigeria’s subnational debt

Lagos, Rivers dominate Nigeria’s subnational debt

Lagos, Rivers, and eight other states now control the lion’s share of both domestic and external debt, highlighting a growing divide between fiscally strong states and their marginal peers. Amid mounting public debt pressures across Nigeria, the fiscal squeeze is no longer confined to the federal government. It has extended to the states, where a […] read more Lagos, Rivers dominate Nigeria’s subnational debt

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