Borrow

By Aminu Abubakar Despite calls for states to rely less on loans as a source of revenue, Jigawa State has borrowed the sum of N10.9 billion in the first six months of 2025, a SolaceBase review of the state's budget performance document has…
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President Muhammadu Buhari is seeking approval to borrow $5.513 billion from external sources to finance the revised 2020 appropriation and support state government meet their challenges occasioned by COVID-19. Reading a letter sent to the…
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Kogi State Government on Wednesday announced its intention to borrow $100 million to finance some projects that would quicken the socio-economic development of the state. The state Commissioner for Finance, Budget and Economic Planning,…
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The Kano State House of Assembly on Monday read a letter from Governor Abdullahi Ganduje seeking approval for the 44 Local Government Areas of the state to access N15 billion loan. The Speaker of the Assembly, Alhaji Abdulazeez…
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The Senate has on Thursday rejected the Kaduna State credit facility of $350 million contained in the 2016 – 2018 External Borrowing Plan of President Muhammadu Buhari. The Senate is rejecting the loan request because the new borrowing…
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Senator representing Kogi west Dino Melaye,  says the All Progressives Congress (APC)  under President Muhammadu Buhari has accrued N11 trillion debt in three years, as against N6 trillion borrowed by the Peoples Democratic Party (PDP) in…
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