30 states’ debt outpaces half their annual revenue

The Punch | 01-10-2026 12:38am |

The article discusses a financial situation in Nigeria where at least 30 states have debts that are greater than half of the money they make from their own sources each year. This information comes from an analysis of data from the Debt Management Office (DMO) and the National Bureau of Statistics (NBS). Essentially, these states owe more money than they earn, which could indicate financial trouble for them.

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