States spend more than earned, may continue reliance on FAAC income — Nigeria — The Guardian Nigeria News – Nigeria and World News

• Borrowed 38.1% more, despite revenue growth • 21.2% spike in expenditure pushes fiscal deficit to N1.12 trillion  • States’ operating expenses 100 per cent higher than generated revenues Seven states recorded negative growth in their internally generated revenues (IGRs) last year just as 80 per cent of the earned income of 21 others came from…

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