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Fresh data released in CBN’s latest quarterly statistical bulletin has revealed a troubling statistics. It shows that states and local governments owed a combined N4.09tn to banks and the Central Bank of Nigeria as of December 2024. The figure represented a slight decline of N112bn or 2.7 per cent when set against N4.20tn recorded in […]
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Experts worry as states, LGs’ bank debts hit N4tn
Adebayo Obajemu
20:23
Fresh data released in CBN’s latest quarterly statistical bulletin has revealed a troubling statistics. It shows that states and local governments owed a combined N4.09tn to banks and the Central Bank of Nigeria as of December 2024. The figure represented a slight decline of N112bn or 2.7 per cent when set against N4.20tn recorded in
