An investigation by the Economic Confidential has shown that 15 Nigerian states may go bankrupt as their Internally Generated Revenues (IGR) in 2015 were far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016.
Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts
Monday, 27 June 2016
Dwindling Oil Revenue: Yobe, Zamfara, Borno and Northern Nigerian states on the brink of bankruptcy
An investigation by the Economic Confidential has shown that 15 Nigerian states may go bankrupt as their Internally Generated Revenues (IGR) in 2015 were far below 10% of their Federation Account Allocations (FAA) in one year from June 2015 to May 2016.
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