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20 Govs Borrow ₦458 Billion In Six Months Despite Rising FAAC Allocations

A report has indicated that no fewer than 20 state governors have borrowed ₦458 billion in the first half of 2025. According to the report by Punch, the states spent about ₦235.58bn on servicing external debt within the period, representing a sharp rise of ₦95.65bn or 68.4 per cent when compared with the ₦139.92bn recorded […]

The post 20 Govs Borrow ₦458 Billion In Six Months Despite Rising FAAC Allocations appeared first on Naija News.

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A report has indicated that no fewer than 20 state governors have borrowed ₦458 billion in the first half of 2025. According to the report by Punch, the states spent about ₦235.58bn on servicing external debt within the period, representing a sharp rise of ₦95.65bn or 68.4 per cent when compared with the ₦139.92bn recorded […]

The post 20 Govs Borrow ₦458 Billion In Six Months Despite Rising FAAC Allocations appeared first on Naija News.

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