In 2025, Nigeria’s 36 states collectively lost ₦455.38 billion to foreign debt service deductions taken straight from their FAAC allocations. That figure is not small change. It is ₦93.30 billion higher than the ₦362.08 billion deducted in 2024 a 25.77% jump in one year. What this means in plain terms is simple: before many states …
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