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ABIA STATE DEBT HITS N62B, LAGOS N542B, RIVERS N225B, SEE OTHERS

Afnews Editor

Jul 10, 2019

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Lagos State, Nigeria's richest state remains also its biggest debtor, accumulating as at March this year N542 billion in domestic debt.

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Figures published by the Debt Management Office on Wednesday showed Rivers and Delta state, both oil rich states, in a photo finish for the second position.

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Rivers has Nigeria's second biggest domestic debt figure with N225.6 billion. It is followed by Delta with N223.4 billion.

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Akwa Ibom, also an oil state, has the fourth biggest debt profile at N199.7 billion. It is followed by Cross River with N167.2 billion.

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Federal Capital Territory, which depends on funds from the Federal Government is sixth with N163.5 billion. Osun has a debt burden of N147 billion, Bayelsa N133.3 billion, Kano N121.3 billion and Ekiti N118 billion.

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Abia State is at N62 Billion at the moment.

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The least indebted state in Nigeria is Yobe with N26.9 billion.

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