Topic: The 15 highly indebted states in Nigeria right now  (Read 464 times)

0 Members and 1 Guest are viewing this topic.

The 15 highly indebted states in Nigeria right now
« on: January 29, 2020, 07:05:46 PM »
The 15 highly indebted states in Nigeria right now

undefined
   
   
   
       
       
           
               
                   
  • Nigeria's total domestic debt stock stood at N4.04 trillion ($11.17 billion) as of September 31, 2019.
  • Lagos state accounts for 10.9%% of the domestic debt stock.
  • Business Insider SSA looks at the 15 most indebted states in Nigeria as at Q3 2019.

               
           
               
                   

At $1.2 billion, Lagos state accounted for 10.9% of the country's total domestic debt stock at N4.04 trillion ($11.17 billion) as of September 31, 2019, according to a report by Nigerian Bureau of Statistics.


               
           
               
                   

On the most indebted states to domestic lenders in Q3 2019, Lagos, Rivers, and Delta emerged as the three states with heavy debt among the 36 Nigerian states, including the Federal Capital Territory, Abuja.


               
           
               
                   
                  From Left: Governor Nasir El-Rufai of Kaduna State, President Muhammadu Buhari and Governor Yahaya Bello of Kogi State. (TheCable)                 
From Left: Governor Nasir El-Rufai of Kaduna State, President Muhammadu Buhari and Governor Yahaya Bello of Kogi State. (TheCable)
               

               
           
               
                   

Yobe State has the least debt stock in this category with a contribution of 0.7% to the total domestic debt stock.


               
           
               
                   

Overall the country's total public debt portfolio stood at N26 trillion ($72 billion).


               
           
               
                   

Business Insider SSA looks at the 15 most indebted states in Nigeria as at Q3 2019:


               
           
               
                   
  1. Lagos N441.67 billion
  2. Rivers state N266.94 billion
  3. Delta N230.57 billion
  4. Akwa Ibom N237,40 billion
  5. Cross River N167.97 billion
  6. Imo N148,90 billion
  7. Osun N141.79 billion
  8. Ogun N140.99 billion
  9. FCT N137,86 billion
  10. Bayelsa N127.24 billion
  11. Kogi N123.44 billion
  12. Kano N117.34 billion
  13. Plateau N108.97 billion
  14. Bauchi N105.20 billion
  15. Benue N98.44 billion.

Source: The 15 highly indebted states in Nigeria right now

- gist culled from pulseng

 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1677 Views
Last post January 07, 2013, 07:27:16 AM
by ayodeji
0 Replies
1979 Views
Last post January 09, 2013, 06:40:52 PM
by malik_deji
0 Replies
1682 Views
Last post March 06, 2013, 12:20:13 AM
by olaniyi
0 Replies
892 Views
Last post February 25, 2017, 01:01:27 PM
by flukky-2
0 Replies
734 Views
Last post June 28, 2018, 01:03:02 PM
by PulseNG
0 Replies
655 Views
Last post June 03, 2019, 07:01:32 AM
by sahara
0 Replies
423 Views
Last post July 08, 2021, 07:08:51 PM
by PulseNG
0 Replies
154 Views
Last post June 18, 2022, 07:12:01 AM
by flukky-2
0 Replies
214 Views
Last post December 13, 2022, 07:11:25 AM
by observer
0 Replies
142 Views
Last post December 31, 2022, 01:01:25 PM
by flukky-2