State Amount Owed
1) Lagos $1,020,410 674 billion ( the most by any state and over 1/3 of the total amount owed by 36 states)
2)Ogun $116,689,249 billion
3)Ondo $51,439,910 billion
4)osun $73,404,212 billion
5)Oyo $80,112,064 billion.

TOTAL $1,342,056,129 billion equivalent to N 214,717,000,000 billion Naira

Total amount owed by 36 states in Nigeria = $3,013,216,977 billion

If all the states were borrowing at the rate that the south west states are then The country will be in a more serious trouble than we are at the moment.

all data from the debt management office http://www.dmo.gov.ng/oci/subn/docs/Federal%20and%20State%20Governments%20External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf

How convenient of you. They're all South West States right? And all are "non PDP" states.

Hmmn... These ethnic bigots have obviously changed their tactics. They are now using more sly and subtle means to achieve their goals.

PDP can lie sha, despite the obvious progress all these states are making without much contribution from the FG, the only line of action for them is to resort to cheap blackmail.

Www.youarejoking.com

haba south west why are these states drowning Nigeria in debt.

Total amount of external debt owed by 36 states in Nigeria $3,013,216,977 billion.
Total Amount owed by South west states $1,342,056,129 billion

calculation: Tota lamount owed by south west states/ Total amount owed by 36 states X 100
$1,342,056,129/$3,013,216,977 x 100
45%

Notice my "sophisticated" progressives will avoid this thread. Are we Yorubas sane or blind?! Can't we see we are selling our future and kids future to the Tinubu/APC dynasty?!

Some "enlightened" people will soon come to start telling this is a healthy debt. We are killing our region with APC!!!

Tinubu APC thank you for sucking us dry

State Amount Owed

1) Lagos $1,020,410 674 billion

2) Ogun $116,689,249 million

3) Ondo $51,439,910 million

4) Osun $73,404,212 million

5) Oyo $80,112,064 million


$73,404,212 * 162 = N11, 891, 482, 344.00K

Omisore and his PDP People shouting 250B or 300B Osun Debt can now shut the fvck up.

Osun A Dara Oooooooo



Meanwhile...................Jonathan till 2019.

[quote author=Atouke]

State Amount Owed

1) Lagos $1,020,410 674 billion

2) Ogun $116,689,249 million

3) Ondo $51,439,910 million

4) Osun $73,404,212 million

5) Oyo $80,112,064 million


FIXED

NEXT TIME, CHECK VERY WELL.

All hail the "sophisticated progrethieves". APC... all poverty creation! APC... Asiwaju private company!! APC...Asiwaju Personal Congress!!!
Abeg, let Ambodillion continue jare! Awon ole!!! Upon all the double taxation, tolls and bills...

See olodo debt logic.

... Is this not why they are ahead of your villages and commission projects everyday while you remain backward and also why your villages haven't commissioned even one single classroom in almost 16 years?


You people and your illiterate logic sef..

NA WA O

It's the one of Lagos that surprises me.....considering the huge amount they make from IGR! Also, don't forget Lagos residents have some of their roads/bridges tolled as well! All the money Tinubu makes through some of his companies like Alpha-Beta could have helped in paying off a large chunk of this debt!

I thought it's been said that Rochas borrowed 200 billion naira? From the table above, Imos debt is just about 10 million dollars more than some of its sister states......like Anambra for instance!

aresa: See olodo debt logic.

... Is this not why they are ahead of your villages and commission projects everyday while you remain backward and also why your villages haven't commissioned even one single classroom in almost 16 years?


You people and your illiterate logic sef..

So they are borrowing to build village classroom blocks? Borrow borrow make south west rich LOL

plus federal allocation and internal revenue. Ok oooo

OP, is it possible to show us a table of internal debt stock for all the states as well?.....Like money owed contractors and such!

Atouke:

[s]So they are borrowing to build village classroom blocks? Borrow borrow make south west rich[/s]

Very unintelligent rubbish. Try again....

*Acn turned apc have held sw states for quite sometime now, this is but a manifestation of their hidden manifestos*.

What exactly did Enugu did with N66 billion?


Not a single classroom

Not a single hospital


Nothing.

Oh my goodness Op I thought you were joking i went to the DMO website to confirm you calculation and its on point. We need to scream this to the roof tops least the south west will borrow the county to death o !

How can just 5 states out borrow 36 state borrow so much money, at the rate they are going if not checked next year they will account for 75% of the entire external debt. Chei!

My South west people are all in danger

We are death

ujoinme: Oh my goodness Op I thought you were joking i went to the DMO website to confirm you calculation and its on point. We need to scream this to the roof tops least the south west will borrow the county to death o !
How can just 5 states out borrow 36 state at the rate they are going if not checked next year they will account for 75% of the entire external debt. Chei!

What's Akwa Ibom doing with almost N50 billion debt even though they are the richest state in Nigeria?

Don't tell me, I know. Just a few roads in Uyo and a bunch of uncompleted projects...

Interesting . . . . .

Well, together these states are responsible for about 40% of the country's non-oil GDP. So why is the Op surprised that they have a similar ratio of the debt.


This is like someone saying Nigeria is responsible for 60% of total national debts among West Africa countries. Well, where is the 'news' in that statement.

Fashola4thSon: My South west people are all in danger

We are death

You created a bogus account today just to post this dumb trash? ...

aresa:


What's Akwa Ibom doing with almost N50 billion debt even though they are the richest state in Nigeria?

Don't tell me, I know. Just a few roads in Uyo and a bunch of uncompleted projects...

chei! borrow borrow go kill south west o.

The population of the five South west state above is 25,323,475 according to 2006 census http://www.population.gov.ng/images/Vol%2003%20Table%20DSx%20LGAPop%20by%20SDistrict-PDF.pdf

If you divide the debt of these five states by their population you can find out how much debt is hanging on each individual fron those states.

Calculaton : Total external debt owed by 5 south west states = $ 1,342,056,129 billion
Total population of the 5 south west states = 25,323,475 people ( 2006 census fig)


Total external debt owed by 5 south west states/ Total population of the 5 south west states
$ 1,342,056,129/25,323,475
= $53 per head
=N8,480 per person

considering world bank statistics that average citizens of this region live on $1 a day it will take 53 days of hunger,not paying rent or spending any money to repay the loans, if they go hungry and not spend any money for 53 days so they can repay loans no bi die be that?

Op joblessness is turning u to a yaba left candidate o, I just hope ur people notice u on time before u trek from Aba to Kano.

Each time you see anyone from the south west tell him or her that they are each owing N8,480 courtesy of their borrowing governors.

Every citizen from the five states has a debt burden of N8,480 hanging on their neck courtesy of their state governors.

[size=13pt] Every newborn child That is born in the five SW states has a debt of N8,480 hanging on their necks the day they are born for no fault of their own, other than the fact that APC governors has mismanaged their economy and pilled these debts on their behalf. They now have to grow up get a job and pay their taxes to offset these loans that their Usless governors are borrowing th train their kids, and treat headaches/fever abroad, by private jet, payoff their God father BAT and stuff their personal foreign accounts. deris God O!
We need to protest this injustice perpetrated by Tinubu and his Minions running the APC states in the SW[/size]

edogirl2:

Well, together these states are responsible for about 40% of the country's non-oil GDP. So why is the Op surprised that they have a similar ratio of the debt.


This is like someone saying Nigeria is responsible for 60% of total national debts among West Africa countries. Well, where is the 'news' in that statement.

Are you minding the the ignorant losers...lol.

We do expect unintelligent posts from unintelligent people so this dumb and idiotic thread is expected...

Op something to point out.

take Lagos as example which I kept looking at to understand how such money could be borrowed. what you've written if rounded up is 1 000 000 000 billion dollars.

1 000 000 000 billion dollars = 1 000 000 000 000 000 000 dollars.

ujoinme:

chei! borrow borrow go kill south west o.

criminality will kill south east o.