21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues
Twenty one states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year. From June 2023 to June this year, all the 36 states and the 774 local…