Lagos State, Nigeria’s richest state remains also its biggest debtor, accumulating as at March this year N542 billion in domestic debt.

Figures published by the Debt Management Office on Wednesday showed Rivers and Delta state, both oil rich states, in a photo finish for the second position.

Rivers has Nigeria’s second biggest domestic debt figure with N225.6 billion. It is followed by Delta with N223.4 billion.

Akwa Ibom, also an oil state, has the fourth biggest debt profile at N199.7 billion. It is followed by Cross River with N167.2 billion.

Federal Capital Territory, which depends on funds from the Federal Government is sixth with N163.5 billion. Osun has a debt burden of N147 billion, Bayelsa N133.3 billion, Kano N121.3 billion and Ekiti N118 billion.

The least indebted state in Nigeria is Yobe with N26.9 billion.

https://www.akelicious.net/2019/07/see-what-each-nigerian-state-is-owing.html

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Even states with highest allocations still go borrowing and end up been biggest debtors.
Definitely, both allocation and borrowed funds weren't used for state issues..
Every state ought not to borrow, maintain your expenditure according to your allocation and IGR.

Lagos state igr will zero it's debt in two years, I think it's still healthy

Anambra owes the 2nd least at 33b. Considering that the state also has one of the least poverty percentiles in the federation, I think it's satisfactory..

EmekusTHEgreat:
Anambra owes the 2nd least at 33b. Considering that the state also has one of the least poverty percentiles in the federation, I think it's satisfactory..

Considering the fact that the former governor left no debt for the state. But rather savings and investment
My brother this is something to worry about

The situation of some states are really pathetic and I wonder what sensible financial institution would lend them money

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