- The list of most indebted stated in Nigeria has been released - A document obtained from the DMO revealed that the total foreign debts of the 36 states and the Federal Capital Territory, FCT, as well as the Federal Government of Nigeria, FGN, was $11.406 billion as at December 31, 2016 - The DMO also noted that the Federal Government of Nigeria, FGN, was indebted to the tune of $7.838 billion as at December 2016 A document obtained from the DMO revealed that the total foreign debts of the 36 states and the Federal Capital Territory, FCT, as well as the Federal Government of Nigeria, FGN, was $11.406 billion as at December 31, 2016. Premium Times Lagos state, which has the highest domestic debt among all 36 states, also has the highest foreign debt as at December 31, 2016, according to official figures. Other states with high foreign debts include Kaduna, Edo, Cross River and Ogun, the Debt Management Office, DMO, said.



NAIJ.com gathered that a breakdown of the figures showed that Lagos state topped the list of foreign indebted states with a total of $1.380 billion foreign debt. Minister of Finance, Kemi Adeosun It was followed by Kaduna with $222.8 million debt and Edo with $183.6 million foreign debt. Similarly, Cross River and Ogun states were among the top debtors with $114.9 million and $103.4million foreign debt, respectively. The debt record, which had three components – Multilateral, Bilateral ND Eurobond – showed that Borno, Taraba, Yobe and Plateau are the least indebted states in foreign debts. Borno, according to the figures, was indebted to the tune of $22.068 million; Taraba with $21.9 million; Yobe with $28.5 million and Plateau with $29.1 million in foreign debts. Check out the list of most indebted states in Nigeria - Number one will surprise you The DMO also noted that the Federal Government of Nigeria, FGN, was indebted to the tune of $7.838 billion as at December 2016.



The DMO, therefore, put the total debts owed by the States and the federal government as at December 2016 at $11.406 billion. Premium Times also reported the domestic debts owed by the states, with Lagos State incurring the largest local debt stock of N311.7 billion. The state, the DMO said, had the highest local debt stock in the country, followed by Akwa Ibom. Despite incurring the highest debt, Lagos also has the highest internal revenue among the states with an internal revenue of N436 billion in 2016.

https://www.naij.com/1101794-check-list-indebted-states-nigeria-number-surprise-you.html

Anambra state is the least indebted state in Nigeria and quite a progressive state.

Peter Obi did a great job in Anambra state. Am so proud to my state jawe.

Anambra adigo mma. All this Niger Delta States, upon all the allocations, still they owe highest. It is not even that the states are developing faster than other states. Something is seriously wrong in those states.



I am not even surprised, if they can roll out red carpet to welcome the man who stole one of the states dry for 8yrs, nothing is impossible there.

Declare Niger Delta Republic today and allow them to control all the oil within it, come back in 20yrs time, most of the the indegenes would have become poorer while few people from the region would have bought over Burj Khalifa, World Trade Center, Empire state building or any monument you can think of.

What's up with Akwa Ibom debt any idea what they are doing with it?

AriGBESEsola of Osun State!

First of all who will pay all this debts... Unborn children.


Lagos well done sir.
Anambra ga ni ru

Anambra state doing just fine.

I weep for my Niger delta

Ochendo Ohi claimed he never borrowed kobo,so does it mean Ikpeazu got Abia state indebted to the tune of 50billion plus in less than two years with nothing to show for it.
ponponkon come oh.