₦airaland Forum

correctkidabc:
According to a breakdown of the report which reveals that stock of the state as of 31st march 2020, is N4.1trillion.

Meanwhile, this states internally generated Revenue for 2019 was N1.3trillion in ehich they also received N2.47trillion from FAAC.

Lagos state Recorded the highest IGR at 398.7billion, in which they also received The state also received N117.8 billion in FAAC disbursements and has a total debt stock of N444.2 billion, thereby making up 10.8% of the total debt stock of the states.

Yobe state with the lowest record on debt stock out of all the states with N29.2billion.this only made up o.7% of the debt stock of the states.meanwhile, the state geneerated a total IGR of N8.4billion in 2019.
https://www.correctkid.com/wp-content/uploads/2020/07/buhari.jpg
Read more here:[url]https://www.correctkid.com/nigerias-total-public-debt-officially-hit-%e2%82%a629-83-trillion/[/url]

Hmmmm, are you tired of borrowing? Please go and borrow another $50 billion dollars to "stop" the recession. You can grow rich by simply spending borrowed money that the silly creditor nations will be cajoled to forgive soon.

Borrow-Borrow finance minister. All your finance management skill is how to borrow from other IMF, World bank, China and plunge Nigeria into another unsustainable debt trap forever.

Instead of simply cutting the cost of governance and harmonize the civil service to remove duplicative services. That way, you will live according to your income instead of piling up debts that the future generations cannot pay.

Ode!