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

L L- R: Governors Abdulaziz Yari of Zamfara State, Yahaya Bello of Kogi and Bindo Jibrilla of Adamawa at the National Economic Council Meeting in Abuja on Thursday, April 28, 2016. NAN Photo


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.