FG deducts states’ N800bn allocations to pay foreign debt

Punchng | 19-03-2025 01:30pm |

The Federal Government deducted N800bn from state allocations in 2024 to service foreign debts and other contractual obligations, according to the latest FAAC Quarterly Review released by the Nigeria Extractive Industries Transparency Initiative. In a statement on Tuesday by the acting Director of Communication and Stakeholders Management, NEITI, Mrs Obiageli Onuorah, the agency noted that Read More

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