As 30 states propose N8trn: Only Lagos, Rivers, Anambra can fund budget ‘with ease’

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Most of the states jacked up their spending prospect amid cash crunch and debt burden, with experts calling for caution.

Our correspondents report that 30 states that have so far presented their 2022 budget estimates to their Houses of Assembly have a total of N7.899trn, up from the N7.0trn they budgeted in 2021.The findings also revealed that only three states can effectively fund their budgets without “big push” from the federal government.

 

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