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Lagos, Kaduna, Edo Most Indebted States In Nigeria. - Business - Nairaland

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Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Databod: 10:17am On Feb 12, 2018
Debt is not neccesarily bad. Many organizations borrow money to fund their growth and expansion. So do governments. But it becomes a problem when a borrower has nothing tangible to show for its accumulated debt stock. It gets even more worrying if the debt stock becomes unsustainable (in terms of ability to pay back).

So, how do Nigeria states measure up on their debt profiles and ability to service it? We took a look at the debt and dept-per-capita of Nigeria states.

Lagos leads the pack with more than 1.44trillion naira in debt. Kaduna, Edo, Cross River & Enugu make up the top 5.

Looking at the debt-per-head (per capita) figures, each Lagosian owes an average of N25,288. Meanwhile, Edo comes second with each citizen owing N18,538. Cross-River comes third with each citizen of the state owing an average of N15,995. (See the chart below for the full list)

It is important to note that, while a state like Lagos may lead the league tables for indebtedness but then, the state equally has the most capacity to pay back/service it. States like Taraba, Borno, Yobe might have the least debt stock, but then, these are states that have the hold the least promises as financial entities. In other words, they have the least capacity and opportunity to borrow money.

SOURCE: http://databod.com/economy/debt-profile-nigeria-36-states-detailed-breakdown/

5 Likes 1 Share

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by chiangyokay: 10:20am On Feb 12, 2018
alright

1 Like 2 Shares

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by dammybas(m): 12:17pm On Feb 12, 2018
Interesting insights.
I hope Lagos state doesn't run the whole state into debt.

cc lalasticlala

3 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by nairavsdollars(f): 2:20pm On Feb 12, 2018
Ambode should be investigated...Seems all the profit Lagos is making is being diverted to Bourdillon

17 Likes 1 Share

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Nobody: 2:20pm On Feb 12, 2018
Haha Kwara my state lol

2 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Riversides2003(m): 2:21pm On Feb 12, 2018
Not surprised, it all stated with Tinubu, then to Fashola and now Ambode, you see them doing wuruwuru projects with just face value without disclosing how much is been spent. By the time Tinubu and his cronies finish with Lagos state, then we will realized all that glitters are not gold.

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Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Pubichairs(m): 2:21pm On Feb 12, 2018
undecided wetin concern us.









































































..na their problem and business
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by USAbabe(f): 2:21pm On Feb 12, 2018
d
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by PearlStreet(m): 2:21pm On Feb 12, 2018
The largest economies are run on debt.

21 Likes 1 Share

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by pxjosh(m): 2:21pm On Feb 12, 2018
Who do they owe all these money?
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by marvelife: 2:21pm On Feb 12, 2018
Hmmmmm God bless me
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Nobody: 2:22pm On Feb 12, 2018
LAGOS, OUR LAGOS!!
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Koolking(m): 2:22pm On Feb 12, 2018
Am not surprised, Lagos is working. The most developed and advanced among the 36 states

2 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Nobody: 2:23pm On Feb 12, 2018
shocked
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by teckmore(m): 2:23pm On Feb 12, 2018
My osun undecided
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Doerstech(m): 2:23pm On Feb 12, 2018
Would have being surprise if Lagos didn't top the chat.....
In business your debt determines your true worth and influence

13 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by clems88(m): 2:25pm On Feb 12, 2018
How does that consign me grin
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by kulrunsman79(m): 2:25pm On Feb 12, 2018
Debt is part of wealth.

3 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Omololu2121: 2:25pm On Feb 12, 2018
H
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by robosky02(m): 2:26pm On Feb 12, 2018
issorite
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by mainanalyst: 2:26pm On Feb 12, 2018
@op, nice graph but using ggplot in R would have given you a very fine plot.
There is limitations to what excel and other packages can give you when it comes to data visualization.
Ggplot rocks.
My 2 cent
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by OboOlora(f): 2:26pm On Feb 12, 2018
nairavsdollars:
Ambode should be investigated...Seems all the profit Lagos is making is being diverted to Bourdillon
Don’t mind him, he will say he borrowed to make Lagos a megacity. Then a new governor will enter in 2019/2023 and reveal how he built a website for 32M

11 Likes 1 Share

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Abfinest007(m): 2:26pm On Feb 12, 2018
so apc states are not still left out
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by sotall(m): 2:26pm On Feb 12, 2018
Hmm
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by PerfectlyPerfect(m): 2:27pm On Feb 12, 2018
OP you have an amazing blog. Keep it up
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by pennywys(m): 2:27pm On Feb 12, 2018
Space booked
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by NairaMaster1(m): 2:28pm On Feb 12, 2018
They even sheared the debt per our head as if we follow them chop. Thunder fire una.

12 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by KrystosCJ(m): 2:29pm On Feb 12, 2018
Someone should query the Auditor-General of Lagos, ASAP!
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by Mogidi: 2:29pm On Feb 12, 2018
Edo became indebted as soon as Oshiomhole married that international woman of easy virtue known as Iara Oshiomhole.
Meanwhile, Oshiomhole is still trying to get her pregnant, something many business men around the world have unsuccessfully tried and failed.

9 Likes

Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by LasGidiOwner: 2:31pm On Feb 12, 2018
This is just the external debt stock, it does not include the internal debt.
Re: Lagos, Kaduna, Edo Most Indebted States In Nigeria. by tempest69: 2:33pm On Feb 12, 2018
Same way the biggest debtor in Nigeria is Dangote

2 Likes

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