Akwa Ibom State clears inherited debt and boosts internally generated revenue

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Akwa Ibom State has cleared a N39.8 billion inherited debt and is now focusing on boosting its Internally Generated Revenue without taking new loans. The state government paid N34.5 billion in principal and N5.2 billion in interest, settling all outstanding commercial bank loans inherited from the previous administration. The administration is implementing reforms like AKWAGIS and AKWAREMIT to enhance revenue collection and transparency.


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Akwa Ibom State clears inherited debt and boosts internally generated revenue | News Minimalist