Culled from Atouke's thread (Though He Opened The Thread To Bash SW States), this is different.

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
[b]

State Debt Owed

Abia $35, 500, 952. 41 Million

Adamawa $37, 573, 469. 66 Million

Akwa Ibom $59, 850, 370. 59 Million

Anambra $41, 459, 335. 44 Million

Bauchi $111, 607, 175. 28 Million

Bayelsa $33, 484, 253. 42 Million

Benue $28, 791, 949. 55 Million

Borno $16, 070, 015. 32 Million

Cross River $120, 212, 331. 65 Million

Delta $24, 700, 261. 56 Million

Ebonyi $43, 332, 703. 18 Million

Edo $48, 399, 513. 67 Million

Ekiti $48, 075, 639. 85 Million

Enugu $66, 840, 894. 78 Million

Gombe $32, 747, 378. 62 Million

Imo $51, 267, 026. 15 Million

Jigawa $36, 325, 475. 41 Million

Kaduna $245, 510, 669. 07 Million

Kano $64, 318, 822. 90 Million

Katsina $72, 870, 055. 34 Million

Kebbi $45, 945, 670. 75 Million

Kogi $33, 372, 633. 17 Million

Kwara $45, 667, 046. 33 Million

Lagos $1, 020, 410, 674. 11 Billion

Nasarawa $47, 526, 268. 88 Million

Niger $38, 600, 524. 37 Million

Ogun $116, 689, 249. 43 Million

Ondo $51, 439, 910. 66 Million

Osun $73, 404, 212. 38 Million

Oyo $80, 112, 084. 14 Million

Plateau $22, 985, 918. 15 Million

Rivers $45, 847, 509. 46 Million

Sokoto $45, 166, 786. 78 Million

Taraba $24, 056, 964. 72 Million

Yobe $32, 802, 152. 75 Million

Zamfara $31, 251, 921. 80 Million

FCT $38, 979, 156. 07 Million

Sub-Total $3, 013, 216, 977. 80 Billion

FGN $6, 363, 896, 722. 40 Billion

Total $9, 377, 113, 700. 00 Billion[/b]

Osun State my State is owing $73,404,212 Million not 200B Naira as speculated by Osun PDP.

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

Osun A Dara Oooooooo

Nigeria O Ni Baje.

So Lagos state take Nigeria moni dey spread EBOLA?


https://www.youtube.com/watch?v=757vYI7cZfU


https://www.youtube.com/watch?v=t2S7aqZgn2E

Omo see debts!!!!

Are these state debts or PERSONAL or PADDY PADDY Loans?

Ogun state debt is incredible, that is huge with capital H.

Ogun state. . . .the state of material and SPIRITUAL wonders!!!!

*cringes*

I am sure NL IS PART OF THE DEBTORS!

The fact remains that, "They Are All Debtors". No one excluded. This means they are all thieves, rogues and politicians. It's a bastard politician that will not loot, that has been part of democracy.
.
I wait for my turn to be Gov of Ijebu State. I will buy Nairaland and appoint Seun as Commissioner for Finance....

OP, you should qualify this debt as 'foreign'! If the 'local' component is included peeps may have a heart attack!

Loooooooooooooooooooool!

May we not see the 'local' debt! Iseeeeeeeeeeeeeeeeeeeeee!!!!

And so?
If you all look carefully very well, you will discover that even the federal government is owing more than double of what all the states are owing combined.

At least here in the south west, we don't complain about our governors or open up a thread to "curse" them cos we know they are working.

The only people having problems with south western governors are igbos, and the irony of it all is that their own governors are "demons". Why don't you people mind your own darn business or better still go back to your eroded villages.

Lagos $1, 020, 410, 674. 11 Billion

Ogun $116, 689, 249. 43 Million

Ondo $51, 439, 910. 66 Million

Osun $73, 404, 212. 38 Million

Oyo $80, 112, 084. 14 Million

Osun State my State is owing $73,404,212 Million not 200B Naira as speculated by Osun PDP.

CHI_NE_KE

Bauchi $111, 607, 175. 28 Million

Cross River $120, 212, 331. 65 Million

Enugu $66, 840, 894. 78 Million

Imo $51, 267, 026. 15 Million

Kaduna $245, 510, 669. 07 Million

Kano $64, 318, 822. 90 Million

Katsina $72, 870, 055. 34 Million

Lagos $1, 020, 410, 674. 11 Billion

Ogun $116, 689, 249. 43 Million

Ondo $51, 439, 910. 66 Million

Osun $73, 404, 212. 38 Million

Oyo $80, 112, 084. 14 Million

Zamfara $31, 251, 921. 80 Million
This is outrageous . Is this debt or phone numbers Lagos choose the letter "B"

priscaoge:
Bauchi $111, 607, 175. 28 Million

Cross River $120, 212, 331. 65 Million

Enugu $66, 840, 894. 78 Million

Imo $51, 267, 026. 15 Million

Kaduna $245, 510, 669. 07 Million

Kano $64, 318, 822. 90 Million

Katsina $72, 870, 055. 34 Million

Lagos $1, 020, 410, 674. 11 Billion

Ogun $116, 689, 249. 43 Million

Ondo $51, 439, 910. 66 Million

Osun $73, 404, 212. 38 Million

Oyo $80, 112, 084. 14 Million

Zamfara $31, 251, 921. 80 Million
This is outrageous . Is this debt or phone numbers Lagos choose the letter "B"

We are spending a huge chunk of that money on infrastructure (not the one PDP governments borrowed in the past and stole), we will tax all the Igbos for it, make them pay and send them back to their seaport in landlocked Iboland soon. That is why we choose a B so you can pay up and be sent away sooner than later!

These people must be told to stop all these borrowing without having anything to show for it. Even lagos and ogun state.

Gbese

Oh! almost all the state are owing? Which one people come dey open their Ogogoro mouth dey insult Rotimi Amaechi when their state government debt pass Amaechi and Rivers state own? Amaechi and Rivers state have d ability to pay their debt more than this animals that are in d habit of insulting other people sef!

There is nothing wrong with borrowing except most here didnt study Economics. There'll always be debts. What we should be looking at is how they utilize the funds the borrow and how they plan to finance it. No sense here in being partisan/tribalistic.

oboy see gbese Lagos state is the father of all debt. The most annoying part is that they won't finish paying all these debt before they will go and borrow more and what reasonable thing did they do with the money

GeneralBadman: Culled from Atouke's thread (Though He Opened The Thread To Bash SW States), this is different.

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
[b]

State Debt Owed

Abia $35, 500, 952. 41 Million

Adamawa $37, 573, 469. 66 Million

Akwa Ibom $59, 850, 370. 59 Million

Anambra $41, 459, 335. 44 Million

Bauchi $111, 607, 175. 28 Million

Bayelsa $33, 484, 253. 42 Million

Benue $28, 791, 949. 55 Million

Borno $16, 070, 015. 32 Million

Cross River $120, 212, 331. 65 Million

Delta $24, 700, 261. 56 Million

Ebonyi $43, 332, 703. 18 Million

Edo $48, 399, 513. 67 Million

Ekiti $48, 075, 639. 85 Million

Enugu $66, 840, 894. 78 Million

Gombe $32, 747, 378. 62 Million

Imo $51, 267, 026. 15 Million

Jigawa $36, 325, 475. 41 Million

Kaduna $245, 510, 669. 07 Million

Kano $64, 318, 822. 90 Million

Katsina $72, 870, 055. 34 Million

Kebbi $45, 945, 670. 75 Million

Kogi $33, 372, 633. 17 Million

Kwara $45, 667, 046. 33 Million

Lagos $1, 020, 410, 674. 11 Billion

Nasarawa $47, 526, 268. 88 Million

Niger $38, 600, 524. 37 Million

Ogun $116, 689, 249. 43 Million

Ondo $51, 439, 910. 66 Million

Osun $73, 404, 212. 38 Million

Oyo $80, 112, 084. 14 Million

Plateau $22, 985, 918. 15 Million

Rivers $45, 847, 509. 46 Million

Sokoto $45, 166, 786. 78 Million

Taraba $24, 056, 964. 72 Million

Yobe $32, 802, 152. 75 Million

Zamfara $31, 251, 921. 80 Million

FCT $38, 979, 156. 07 Million

Sub-Total $3, 013, 216, 977. 80 Billion

FGN $6, 363, 896, 722. 40 Billion

Total $9, 377, 113, 700. 00 Billion[/b]

Osun State my State is owing $73,404,212 Million not 200B Naira as speculated by Osun PDP.

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

Osun A Dara Oooooooo

Nigeria O Ni Baje.

Gee Zauus

vicadex07: And so?
If you all look carefully very well, you will discover that even the federal government is owing more than double of what all the states are owing combined.

At least here in the south west, we don't complain about our governors or open up a thread to "curse" them cos we know they are working.

The only people having problems with south western governors are igbos, and the irony of it all is that their own governors are "demons". Why don't you people mind your own darn business or better still go back to your eroded villages.

yoruba folks dont complain because they are used to living in slums and are averse to decent accomodation and lifestyle which good governance brings.

Most of you hailing your SW governors for investing burrowed money into infrastructure do not understand business finance and how a better understanding of business finance can help us better manage our public finance.

In business finance, burrowed money are invested into things that generates income

When burrowed money is invested into infrastructures that do not yield money or enough money to pay back, it is a bad debt which the states govts try to write off by collecting taxes or using their federal allocations.

What the states govt should have done first was to invest the loan into things that can generate enough profit to wipe off the loan and fund non/low income infrastructures.

Eg it is wise a govt invest $1million burrowed money into a profitable venture that can generate a yearly (after tax/loan interest) net profit of $100 thousand. Then using the $100 thousand to

1) Build those non/low income infrastructures in stages even though it will take longer time.

OR

2) Secure another loan whose yearly interest do not exceed $100 thousand. This loan will be used to build non/low income infrastructures, while the $100 thousand will be used to wipe off its yearly interest in order to prevent accumulation. The taxes collected from people will be used to reduce the loan which in turn will lead to a cut down on the loan's yearly interest making it possible to start diverting gradually the $100 thousand into helping the taxes further reduce the loan and its interest.

A good govt burrowing will ensure that half of all the loans collected is invested into profitable ventures whose yearly profits is large enough to

1) Clear the loan and its interest

2) With the help of moderate taxes, clear other loans and interests

FOR THOSE OF YOU SUPPORTING BURROWING ASK YOURSELVES

Do your states govts have a strategy to offset these loans and its interests without resulting to heavy multiple taxations and federal allocations.

Rivers state. A major state but a debt lower than some minor states. Impressive!!

Watin dem use all ds moni do way we no see impact ...chai dere is God ooo

Men, Naija still has a long way to go. See train station , God forbid bad tin

Where is all this money? Nigeria the land where only the rich are entitled to basic human rights.

Kadunna and Bauchi borrowed some cool cash.

Kanwulia: So Lagos state take Nigeria moni dey spread EBOLA?

If u wouldn't give a concrete evidence to back whateva allegation u want to lay,u can still scroll past to read other pple's comments,cos what I just read dat u wrote is mere balderdash & logically incoherent.

Sloan:

We are spending a huge chunk of that money on infrastructure (not the one PDP governments borrowed in the past and stole), we will tax all the Igbos for it, make them pay and send them back to their seaport in landlocked Iboland soon. That is why we choose a B so you can pay up and be sent away sooner than later!

TRUTH MUST BE SAID. ARE YOU ENCORAGING YOUR GOVT TO BORROW MORE, BILLION DOLLAR IS NOT ENOUGH AND YOU STILL HAVE THE MOUTH TO TALK. THIS IS CLUELESS. I DONT SUPPORT ANY PARTY. ANAMBRA GOVT CANT TRY THAT RUBBISH, HE NO DEY FEAR IMPEACHMENT. DO YOU KNOW WHAT IS $1 BILLION DOLLAR = 1.6 TRILLION NAIRA. INSTEAD OF CRITISING YOUR GOVT, YOU ENCOURAGE. I DON DIE. SPENDING MONEY ON INFRASTURES, WHY NOT THEY INVEST THE MONEY INTO HIGH YIELDING BUSINESS SO AS TO CLEAR OFF THE DEPT AND EMPLOY MORE PEOPLE
ON A LIGHTER NOTE.
WHY MUST YOU CALL IBOS PLEASE. WHAT OF NORTH EAST AND NORTH WEST TOTALLY LANDLOCK EVEN DESERT REGIONS. YOU NEVER CALL THEM. WHY THE IBOS, WE KNOW THAT WE ARE THE ONLY TRIBE CONTRIBUTING 70% OF PORT REVENUE BUT SPARE OUR NAME.

Symphony007: Rivers state. A major state but a debt lower than some minor states. Impressive!!

You can say that again.

bigtt76: Are these state debts or PERSONAL or PADDY PADDY Loans?

Good question.
Someone said the amount for the south west states is so high because they are FAKE loans from JagaBandit's offshore accounts, hence NO impact on the people

phlemzy: If u wouldn't give a concrete evidence to back whateva allegation u want to lay,u can still scroll past to read other pple's comments,cos what I just read dat u wrote is mere balderdash & logically incoherent.

Na who be this "MAKOKO ISLAND IDOL"?

Rijes:
TRUTH MUST BE SAID. ARE YOU ENCORAGING YOUR GOVT TO BORROW MORE, BILLION DOLLAR IS NOT ENOUGH AND YOU STILL HAVE THE MOUTH TO TALK. THIS IS CLUELESS. I DONT SUPPORT ANY PARTY. ANAMBRA GOVT CANT TRY THAT RUBBISH, HE NO DEY FEAR IMPEACHMENT. DO YOU KNOW WHAT IS $1 BILLION DOLLAR = 1.6 TRILLION NAIRA. INSTEAD OF CRITISING YOUR GOVT, YOU ENCOURAGE. I DON DIE. SPENDING MONEY ON INFRASTURES, WHY NOT THEY INVEST THE MONEY INTO HIGH YIELDING BUSINESS SO AS TO CLEAR OFF THE DEPT AND EMPLOY MORE PEOPLE
ON A LIGHTER NOTE.
WHY MUST YOU CALL IBOS PLEASE. WHAT OF NORTH EAST AND NORTH WEST TOTALLY LANDLOCK EVEN DESERT REGIONS. YOU NEVER CALL THEM. WHY THE IBOS, WE KNOW THAT WE ARE THE ONLY TRIBE CONTRIBUTING 70% OF PORT REVENUE BUT SPARE OUR NAME.

Go and shoot your maths teacher or buy a new calculator