At a time when there is a N540 billion increase in the amount shared between the Federal Government, states, and Local Government Areas, it is confounding for state governors to go a-borrowing to the tune of N46.17 billion just to pay salaries between January and June 2023. The sub-national governments secured the facilities from Access Bank, Fidelity Bank and Zenith Bank Group as revealed in the half-year 2023 financial statements of the financial institutions. This is happening at a time when 28 states of the federation failed to attract any foreign investment. It is hard to see how there can … Continue reading PBA Editorial: Nigerian States Must Stop Borrowing To Pay Salaries