Oil-producing states borrow N1.3tn amid N6.4tn windfall
The total debts of 10 oil-producing states rose from N2.04tn in December 2015 to N3.35tn as of June 2022, according to sub-national debt reports of the Debt Management Office. This means that a total of N1.31tn was borrowed within a period of about seven years by the states. The 10 states are: Rivers, Akwa […]