By Newsdesk

Barely 24 hours after President Muhammadu Buhari expressed his displeasure over non-utilization of disbursed Paris fund, the Federal Government has disclosed that the 36 states spent N2.67 billion to service external debt in September.

Of the 36 states, Lagos topped the list, spending over N800 million servicing its foreign loan portfolio which was included in the N603.25 billion debt released by Nigeria Extractive Industries Transparency Initiative (NEITI) seven months ago.

Closely following Lagos was Cross River state with over N231.96 million, Kaduna state, N180,57 million; Oyo state, N115,18 million; while Akwa Ibom with N111,22 million completed list of five top spenders within the month under review.

Meanwhile, Katsina, Osun, Ogun, Edo and Kano states were five other states that made the top 10 states with high debt service in September.

The data also shows that the 10 states that paid the least on external debt servicing within the period under review were: Taraba, Borno, Plateau, Benue, Delta, Kogi, Jigawa, Nassarawa, Gombe and Niger States.


http://www.theguildng.com/36-states-september-debt-servicing-gulp-n2-67bn-as-lagos-tops-table/