15 States going bankrupt, IGRs below 10% of FAAs

Fifteen states of the federation are on the verge of bankruptcy, an analysis of their Internally Generated Revenues (IGRs) against their Federation Account Allocations (FAAs) has indicated. The analysis, made by an economic intelligence magazine, show that the IGRs of the said 15 states in 2015 were far below 10% of their FAAs in twelve The post 15 States going bankrupt, IGRs below 10% of FAAs appeared first on Daily Times Nigerian Newspaper.
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