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Bayelsa, six other states fail DMO’s solvency test

RELATIVE to their respective profiles of Internally-Generated Revenue (IGR), oil-rich Bayelsa and six other states in the country have failed the domestic debt sustainability analysis undertaken by the Debt Management Office (DMO). According to the report, which the DMO board, headed by Vice President Namadi Sambo met on Tuesday to consider, the seven states’ domestic indebtedness relative to their IGR positions ranks high beyond the recommended international threshold of between 92 per cent and ...
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Added March 17, 2013
from Guardian News