Lagos,Four Others Become Most Indebited States in Nig.

Damilola Oyeyemi

Lagos, Ogun, Rivers, Akwa Ibom, and Imo state have emerged as the top five debtors states in Nigeria with a combined domestic debt stock of about N1.56tn.

According to the latest data issued by Debt management Office in Abuja. “Lagos, Ogun and Rivers become the most indebted states in Nigeria with the domestic debt rising to N6.43tn sub-national domestic debt stock at N4.46tn as at the end of 2021.

“The five states account for 34.98 per cent of the total domestic debt owed by the sub-national governments in the country as of December 31, 2021”

Details later…

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