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Fragile states face fiscal storms as FAAC party ends

…Bayelsa, Kebbi, Yobe worst hit

There are mounting concerns that the federal and other sub-national (states and local) governments may find it difficult to meet their various statutory obligations due to a sharp drop in the oil revenue, their biggest income source, which is expected to fall by more than 50 percent in the coming months. In recent months, the…



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