Bayelsa, Kogi five other states expend 190% of revenue on loan servicing

Seven states spent an average of 190 per cent of their Internally Generated Revenue on debt repayment in the first quarter of 2025, a reality that has plagued the states, depicting the worsening fiscal challenge facing subnational governments. Data from the Q1 2025 Budget Implementation Reports of Bayelsa, Adamawa, Benue, Niger, Kogi, Taraba, and Bauchi [...]The post Bayelsa, Kogi five other states expend 190% of revenue on loan servicing first appeared on Business Hallmark.

Read More