Lagos Tops List Of Highly Indebted States With N797bn

Data released by the Debt Management Office (DMO) has show Lagos State as the most indebted state in Nigeria.

The Lagos State government tops the list of states in debt with a figure of N797. 304 billion out of the N5. 281 trillion owed by the sub-nationals, as at June 30, 2022.

Delta, Ogun and Rivers State followed Lagos with N378. 878 billion, N241. 782 billion and N225. 505 billion respectively on the list.

Other highly indebted states included: Imo, N210. 394 billion; Akwa Ibom, N203. 951 billion; Cross River, N 176. 086 billion; Oyo, N159. 906 billion; Ogun, N150. 529 billion; Bayelsa N 150. 430 billion; Plateau N144. 608 billion; Benue N143 . 547 billion Bauchi, N129. 207 billion; Kano N125. 186 billion; and Gombe N 123. 608 billion.

Jigawa had the least debt of N 45. 135 billion, followed by Ebonyi and Kebbi with N59. 171 billion and N60. 417 billion, respectively.

The rest states and their indebtedness were: Ondo, N62. 270 billion; Kastina N66. 675 billion; Anambra…

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