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Dynamics of govt finance

STATISTICS have a deft way of creating one impression or the other, sometimes for good, and at other unwelcome times, for bad. The latest Nigeria Extractive Industries Transparency Initiative, NEITI, Quarterly Review shows Nigeria’s debt profile and indicates a drastic drop in the revenue profile of most states of the federation. In the South-South zone, the report ominously avers that the debt profile of the state governments is on the increase, consisting of domestic and external debts between December 2015 and June 30th, 2016.

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