The Federal Government deducted over SEVENTY EIGHT BILLION NAIRA from allocations made to the states for external debt servicing,
This was according to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics.
The most hit state by the deductions was Lagos, with about N23.61bn deducted in 2022 for external debt servicing.
It was followed by Kaduna with N10.25bn deducted, and Cross River with N7.56bn deducted.