According to recent figures released by the Debt Management Office, Lagos has the worst external debt profile out of Nigeria’s 36 states.

1. Lagos State - $1.087 billion

2. Kaduna State - $234 million

3. Cross River State - $131.469 million

4. Edo - $123 million

5. Ogun - $109 million

6. Bauchi - $87million

7. Katsina - $78 million

The Federal Government’s domestic debt on the other hand stood at $47.05 billion or N7.9 trillion, while those of the states stood at $10.97 billion or N1.708 trillion. Federal Government’s domestic debt is made up of N4.792 trillion bonds, N2.815 trillion Treasury bills and N296.2 billion treasury bonds.

http://www.metronaija.com/2015/08/the-7-nigerian-states-with-worst-debt.html

cc: lalasticlala ishilove

Hian!!!! See Lagos o, they should stop borrowing abeg.

where is osun

Waiting for Ambode to probe Fashola, let him explain what he did with the money apart from planting flowers.

how come APC full the list like this... I been think say they sabi manage funds

I cant imagine why Osun is not among!.

Katsina?



At a time when most Nigerian states are in debt and even owing salaries, one Governor is said to be leaving his successor a clean slate.
Katsina State Governor, Ibrahim Shema will reportedly leave the state debt-free when he vacates office on May 29, 2015.
This was revealed by former Chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu on Saturday, May 9, 2015, when Shema was being conferred with The Sun Outstanding Performance Exit Award in Lagos.
“We know Ibrahim as a very intelligent person and the best in our class and as someone who was very very meticulous and detailed in whatever he was doing. Within the last eight years, he has changed the face of government in Katsina,” Ribadu said.
“He is the only governor that is going to leave the office with no­ debt behind. He has paid all, including salaries of the workers of his state. We want to thank you for making us all proud. May God continue to be with you,” he added.
Shema will be succeeded as governor by former Speaker of the House of Representatives, Aminu Masari, who contested on the platform of the All Progressives Congress (APC).

http://pulse.ng/politics/ibrahim-shema-meet-the-only-governor-who-s-not-leaving-any-debt-for-his-successor-id3748811.html

Why are they mainly APC states?

ladyF:
Hian!!!! See Lagos o, they should stop borrowing abeg.

Shuuuuu wetin do "It's LadyF again " ??

Olodo. This is not about state owing their workers but about money borrowed for projects and other activities in various states.

HolyHero:
where is osun

k

kaki governor should xplen iiiooiooioo he is busy lambasting okonji iweala but his state is highly indebted ... .... ...........


.chai Nigerian politics be like been in love from Nigeria with Liberian-Girl in Asian world

SE with the lowest allocation still we have almost 0 debt

^^^^

Your head dey there!

Why is Edo state $123m? We were told Edo had earlier collected $75m from the world bank before the recent $75m that the senate approved. That should make $150m. If however the $123m was before the recent approval, then Edo state debt is $198m. That is $123M + $75m. Which makes Edo 3rd on the list!

Oshiomhole the worst governor ever in Edo state history. Osunbor wouldn't have been this bad.

Oshio has mortgaged the future of Edo state.

How are these states going to pay back now?

Debt GDP portfolio should be considered first before drawing your list.

Lagos and Kaduna can easily manage what they owe .

While that of Cross River was taken during the Duke administration in lieu of oil revenue from Bakassi and those secede to Akwa Ibom. So in a way I won't blame Cross River but the useless Obasanjo and Nigerian state and besides all the money duke borrowed was duly utilised with evidence on ground to show for it.


Therefore your list must contain the following 2 at the top:

1. Osun : for having the misfortune and combined stup1dity in voting a vagrant slowpoke as their governor. Osun state now averages a total revenue base less than 600million. Coca cola sees more revenue flow than osun all thanks to aregberascal the Ooni Gbesse who has borrowed from every bank in the land.

2. Edo. For having the. Misfortune of electing a hedonistic womaniser who has borrowed to fund his ashewoe cravings. Edo has only one ashewoe expat as first lady to show for it.

The citizens should demand to see what was done with the borrowed monies. Bet me we won't hear zilch about probing obvious mismanagement and outright thievery of public funds. With all the IGR and oil allotment Lagos brings in they still have the largest debt profile

cc: lalasticlala ishilove

BishopMagic:
Debt GDP portfolio should be considered first before drawing your list.

Lagos and Kaduna can easily manage what they owe .

While that of Cross River was taken during the Duke administration in lieu of oil revenue from Bakassi and those secede to Akwa Ibom. So in a way I won't blame Cross River but the useless Obasanjo and Nigerian state and besides all the money duke borrowed was duly utilised with evidence on ground to show for it.


Therefore your list must contain the following 2 at the top:

1. Osun : for having the misfortune and combined stup1dity in voting a vagrant slowpoke as their governor. Osun state now averages a total revenue base less than 600million. Coca cola sees more revenue flow than osun all thanks to aregberascal the Ooni Gbesse who has borrowed from every bank in the land.

2. Edo. For having the. Misfortune of electing a hedonistic womaniser who has borrowed to fund his ashewoe cravings. Edo has only one ashewoe expat as first lady to show for it.

Excatly! Edo only did business with Cape Verde and the governor is enjoying those dividends in his bedroom alone.

sammyj:
Olodo. This is not about state owing their workers but about money borrowed for projects and other activities in various states.

Olodo the debt figures are for external debts from foreign banks.


Aregberascal has borrowed from every bank, cooperative and market women association in Nigeria to the point that he has begun lamenting that Banks refused to borrow him more money.

that's good let them keep borrowing pmb will pay

Planting of flowers, Eko project for schools, BRT, Lag Bus, New roads, wetin again self, make I take Mc Dowells, I dey come ;DPlanting of flowers, Eko project for schools, BRT, Lag Bus, New roads, wetin again self, make I take Mc Dowells, I dey come

;Fashola

BishopMagic:
Debt GDP portfolio should be considered first before drawing your list.

Lagos and Kaduna can easily manage what they owe .

While that of Cross River was taken during the Duke administration in lieu of oil revenue from Bakassi and those secede to Akwa Ibom. So in a way I won't blame Cross River but the useless Obasanjo and Nigerian state and besides all the money duke borrowed was duly utilised with evidence on ground to show for it.


Therefore your list must contain the following 2 at the top:

1. Osun : for having the misfortune and combined stup1dity in voting a vagrant slowpoke as their governor. Osun state now averages a total revenue base less than 600million. Coca cola sees more revenue flow than osun all thanks to aregberascal the Ooni Gbesse who has borrowed from every bank in the land.

2. Edo. For having the. Misfortune of electing a hedonistic womaniser who has borrowed to fund his ashewoe cravings. Edo has only one ashewoe expat as first lady to show for it.

Debt/GDP portfolios only makes sense in sane climes with functional govts.
What did the lagos state and kaduna govts do with their huge amounts of borrowed funds?
That is the first and most important question.

What did they use the money for? It baffles me how governors sit down with their cronies and draft out ways to mortgage the future of our children. My state owes over 600 billion. What was it used for? Ask Uduaghan the best governor

Olodo it's not only Aregbesola loan that put the state in this predicaments but his predecessors as well.

BishopMagic:



Olodo the debt figures are for external debts from foreign banks.


Aregberascal has borrowed from every bank, cooperative and market women association in Nigeria to the point that he has begun lamenting that Banks refused to borrow him more money.

tunde1200:
I cant imagine why Osun is not among!.

which means arigbe and okoroch managed well. Lagos the greatest noise maker is there

Op can lie!

londonrivals:
According to recent figures released by the Debt Management Office, Lagos has the worst external debt profile out of Nigeria’s 36 states.

1. Lagos State - $1.087 billion

2. Kaduna State - $234 million

3. Cross River State - $131.469 million

4. Edo - $123 million

5. Ogun - $109 million

6. Bauchi - $87million

7. Katsina - $78 million

The Federal Government’s domestic debt on the other hand stood at $47.05 billion or N7.9 trillion, while those of the states stood at $10.97 billion or N1.708 trillion. Federal Government’s domestic debt is made up of N4.792 trillion bonds, N2.815 trillion Treasury bills and N296.2 billion treasury bonds.

http://www.metronaija.com/2015/08/the-7-nigerian-states-with-worst-debt.html

cc: lalasticlala ishilove

thank GOD non eastern state is among, we for call the governor to come and explain. igbo kwenu!!

londonrivals:
According to recent figures released by the Debt Management Office, Lagos has the worst external debt profile out of Nigeria’s 36 states.

1. Lagos State - $1.087 billion

2. Kaduna State - $234 million

3. Cross River State - $131.469 million

4. Edo - $123 million

5. Ogun - $109 million

6. Bauchi - $87million

7. Katsina - $78 million

The Federal Government’s domestic debt on the other hand stood at $47.05 billion or N7.9 trillion,

while those of the states stood at $10.97 billion or N1.708 trillion.

Federal Government’s domestic debt is made up of N4.792 trillion bonds, N2.815 trillion Treasury bills and N296.2 billion treasury bonds.

http://www.metronaija.com/2015/08/the-7-nigerian-states-with-worst-debt.html

cc: lalasticlala ishilove

Lagos state is under immense monetary pressure then we talk of those northern states.
meanwhile APC govt is shouting that it can manage economy.