How 36 Governors Borrowed N2.2trn From Nigerian Banks
By News Desk Amid worsening revenue challenges, state governments’ indebtedness to commercial banks has risen to N2.2trn. The latest data from the quarterly statistical bulletin of the Central Bank of Nigeria, obtained by our correspondents, showed that states and LGAs owed banks about N2.21tn as of March 2023. CBN data also revealed the states’ indebtedness…