10 states plan N4.3tn borrowing to fund 2026 budgets

Ten states are planning to source about N4.287tn from loans, bonds, grants, capital receipts, and public-private partnerships to finance capital projects in their 2026 budgets. Collectively, the states, including Lagos, Abia, Ogun, Enugu, Osun, Delta, Sokoto, Edo, Bayelsa, and Gombe, presented budgets totalling N14.174tn to lawmakers. An analysis of these budgets...