Statutory allocations from the Federal Account Allocation Committee to the 36 states and 774 local government areas from July to December 2023, increased to N3.34tn.
Thirteen states plan to borrow or get aid assistance of N2.31tn in 2024 to fund their budget deficits, a breakdown of their 2024 proposed budget has shown.
NLC kicks as 13 states plan borrowing N2 3trn to fund 2024 budget deficit thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
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This came as about 29 of these states earmarked N5.26tn of their total budgets for recurrent expenditures such as payment of salaries, trips, and others in 2024.