Fiscal irresponsibility: FG to pay 153% interest on external debt
The Federal Government’s inability to service Nigeria’s external debt has increased interest on principal by 152.29 percent, according to the Debt Management Office (DMO).
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Budget: Kwara prioritises education, Kogi leads in health
Nasarawa State spent 30 percent of its agricultural expenditure of N1.31 billion on capital items. Kwara and Kogi states spent less than 15 percent of their total agriculture expenditure on capital items. In Kwara State, only 14 percent of N622 million earmarked for expenditure went to capital items.
Kaduna Records 84.3% Budget Implementation, Highest amongst North-West States
Other states’ performance shows that Katsina State had a recurrent capital expenditure composition of 50% to 50%. In Kebbi State, it is 59% to 41%, 71% to 29% in Sokoto State, and 86% to 14% in Zamfara State.
Ebonyi State Stands out among South-East States in Budget Implementation
Imo State recorded a 52.8 per cent performance, having spent N100,7 billion of its proposed 190.73 billion. The other state’s expenditure performance is 40.77 per cent for Enugu State, 31.93 per cent for Abia State, and 31.75 per cent for Anambra State.
Regional Budget Implementation Report: Ekiti Tops other Southwest States
In Osun and Ekiti states, 45 per cent of their agricultural expenditure was spent on capital expenditure. In Ondo State, 19 per cent of its agricultural expenditure was spent on capital expenditure, and 11 per cent was spent in Lagos State on capital expenditure.