4 articles tagged with “state governments”
Subnational governments across Nigeria have intensified borrowing, with eleven states and the Federal Capital Territory accumulating N373.06 billion in additional domestic debt between December 2024 and September 2025, signaling mounting fiscal pressures.
Development finance institution Bank of Industry transfers 30-room hostel to Nnamdi Azikiwe University while Abia and Enugu states pursue agricultural and commercial infrastructure projects through strategic partnerships.
Subnational governments across Nigeria are pursuing aggressive internally generated revenue targets amid volatile federal allocations, raising questions about balancing fiscal ambition with procedural compliance and governance standards.
Nigeria's Federal Government has announced a cost-sharing framework requiring states and local governments to co-fund electricity subsidies, marking a significant restructuring of power sector financing amid mounting fiscal pressures.