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Five States Lead Subnational Debts In Q2 2020
Data from the Debt Management Office has revealed that Lagos, Rivers and Akwa Ibom are the three most indebted states within the country at the end of the second quarter of 2021. The domestic debts owed by state governments and the Federal Capital Territory Administration stood at N4.12tn, representing 18.94 percent of the country’s domestic…
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Nigeria’s GDP Grows By 5.01% In Q2
Nigeria’s Gross Domestic Product has grown by 5.01 percent, year-on-year, in the second quarter of 2021. This is according to the National Bureau of Statistics in its GDP Report for Q2. According to the report, the 5.01 percent marks three consecutive quarters of growth following the negative growth rates recorded in the second and third…