Kenya’s Supreme Court has temporarily suspended a lower court’s ruling that declared the 2023 Finance Law unconstitutional, citing the need to maintain budgetary stability until the government’s appeal is heard next month. The decision, announced on Tuesday, allows the government to continue collecting taxes under the controversial law until the case is fully reviewed. “The Read More…
Tag: Public Debt
Lagos tops Nigerian states in debt as national public debt reaches N97.34 trillion
The National Bureau of Statistics (NBS) has released a concerning report on Nigeria’s public debt stock, which has surged to N97.34 trillion ($108.23 billion) in the fourth quarter of 2023. This represents a 10.73% increase from the previous quarter, with Lagos State leading the charge in both domestic and external debts. The NBS report indicates Read More…