Politics

Zamfara Gov Denies ₦14.26bn Debt Responsibility, Secured by Previous Administration

The Zamfara State Government has disclosed that the sum of 14.26 billion was not borrowed but part of the proceeds from a 20 billion naira loan floated by the previous administration. A statement by the spokesperson of the Zamfara Governor, Sulaiman Bala Idris, revealed that no domestic or external loans have been borrowed since Governor […]

Economy

Report On The 10 Most Indebted States in Nigeria (2023)

In 2023, Nigeria faces a fiscal challenge with several states grappling with significant debt burdens. The Spectacles examines the ten most indebted states based on their outstanding liabilities. 1. Lagos (₦1.97 Trillion) Lagos, Nigeria’s economic hub, tops the list with an outstanding debt of ₦1.97 trillion. This is attributed to extensive infrastructure development projects and […]