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South-West Tops List Of Domestic Debtors, South-East Least Indebted - Politics - Nairaland

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South-West Tops List Of Domestic Debtors, South-East Least Indebted by Bekwarra(m): 4:35am On Aug 20, 2019
South-West tops domestic debtors’ list with N1.04tn

S’East least indebted with N303bn

The South-West has more domestic debt than other regions of the country.

Statistics obtained from the Debt Management Office on Monday showed that the geopolitical zone was exposed to a domestic debt of N1.04tn as of March 31.

The statistics also showed that the six geopolitical zones of the country were exposed to a total domestic debt of N3.97tn as of March 31.

This means that the South-West geopolitical zone of the country accounts for 26.2 per cent of the country’s total subnational domestic debt.

The geopolitical zone is made up of six states – Ondo, Ogun, Oyo, Ekiti, Lagos and Osun. Lagos, the commercial capital of the country accounts for much of the indebtedness of the zone as it has domestic debt of N542.23bn.

Thus, the state, which is the largest subnational economy in the country, accounts for 51.92 per cent of the domestic debt owed by the six states in the South-West.


Osun State with N147.7bn accounts for 14.2 per cent of the indebtedness of the South-West region while Ekiti State with N118.01bn accounts for 11.35 per cent of the domestic debt owed by the South-West geopolitical zone.

Ogun State accounts for 9.34 per cent of the domestic indebtedness of the region with a total of N97.09bn while Oyo with N94.14bn accounts for 9.03 per cent of the domestic debt of the region.

Ondo which has the least domestic debt in the region accounts for 5.48 per cent with N56.96bn.

The South-South region has a domestic debt burden of N949.4bn. This accounts for 23.91 per cent of the country’s subnational domestic debt.

Among the six states that make up the South-South region, Rivers State has the highest domestic debt. It has a domestic debt of N225.59bn and therefore accounts for 23.76 per cent of the regional domestic debt.

Delta State with N233.44bn accounts for 23.53 per cent of the domestic debt burden of the region. Akwa Ibom with N199.77bn accounts for 21.04 per cent while Cross River with N167.25bn accounts for 17.62 per cent.

Bayelsa State with N133.34bn accounts for 14.04 per cent while Edo State, the least indebted state in the region accounts for 9.1 per cent of the domestic debt commitment of the South-South region.

The North-Central region comprising Kwara, Kogi, Nasarawa, Niger, Plateau and Benue States as well as the Federal Capital Territory has a domestic debt burden of N648.63bn, accounting for 16.34 per cent of the country’s subnational domestic debt.

The FCT Administration has a debt of N163.52bn, accounting for 25.21 per cent of the North-Central’s domestic debt. Plateau State accounts for 15.2 per cent of the regional domestic debt while Benue State with N96.91bn accounts 14.94 per cent.

Kogi State with N96.68bn accounts for 14.91 per cent; Nasarawa State with N89.95bn accounts for 13.87 per cent; Kwara State with N59.58bn accounts for 9.19 per cent while the least burdened state, Niger, accounts for 6.69 per cent of the region’s domestic debt with N43.41bn.

The North-West comprising Kano, Kaduna, Katsina, Kebbi, Sokoto, Zamfara and Jigawa States has a domestic debt burden of N485.39bn, accounting for 12.23 per cent of subnational local debt.

In the region, Kano has the highest domestic debt burden of N121.31bn accounting for 24.99 per cent of the domestic debt of the region. It is followed by Kaduna State with N93.2bn, accounting for 19.2 per cent.

Katsina State has a domestic debt burden of N67.1bn, accounting for 13.82 per cent of the region’s debt while Kebbi State accounts for 13.81 per cent with a burden of N67.04bn.

Zamfara has a domestic debt burden of N61.95bn, accounting for 12.76 per cent. Kebbi accounts for 7.88 per cent with a total domestic debt of N38.23bn.

Sokoto, on the other hand, is the least indebted in the region with a debt of N36.57bn, accounting for 7.53 per cent.

The North-East geopolitical zone comprising Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe states has a debt burden of N441.19bn, accounting for 11.11 per cent of the country’s subnational debt.

Adamawa tops the zone with N97.15bn, accounting for 22.02 per cent of the domestic debt of the region. Bauchi has N93.32bn, accounting for 21.15 per cent. Borno has N78.26bn, accounting for 17.74 per cent while Gombe has N76.89bn, accounting for 17.43 per cent.

Taraba with N68.57bn accounts for 15.54 per cent while the least indebted, Yobe, with N26.99bn accounts for 6.12 per cent.

The South-East geopolitical zone comprising Imo, Abia, Enugu, Ebonyi and Anambra is the least indebted zone with N305.67bn local debt accounting for 7.7 per cent of the country’s subnational debt.

Imo tops the region with N97.85bn, accounting for 32.01 per cent of the regional local debt; Abia has N62.85bn, accounting for 20.56 per cent.

Enugu has N55.88bn, accounting for 18.28 per cent while Ebonyi has N55.6bn, accounting for 18.18 per cent. Anambra is the least indebted state in the region with N33.49bn, accounting for 10.96 per cent.

.6bn, accounting for 18.18 per cent. Anambra is the least indebted state in the region with N33.49bn, accounting for 10.96 per cent.

Source: https://www.google.com/amp/s/punchng.com/south-west-tops-domestic-debtors-list-with-n1-04tn/amp/

3 Likes

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by uzedo1(m): 4:38am On Aug 20, 2019
Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Ejykman: 4:44am On Aug 20, 2019
And the region still looks like dungeon. If not federal govt infrastructure in Lagos for years as former capital, the whole Lagos would be like Ajengunle.

193 Likes 14 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by NGpatriot: 4:48am On Aug 20, 2019
Ejykman:
And the region still looks like dungeon. If not federal govt infrastructure in Lagos for years as former capital, the whole Lagos would be like Ajengunle.



And the low debt SE looks like DUBAI...rignt?

114 Likes 17 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by olu77(m): 4:51am On Aug 20, 2019
If we have to sell one state to pay our debt I wonder which of these it will be.

5 Likes

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by orisa37: 5:40am On Aug 20, 2019
Oya. Let's have your ulterior motive for this Report? Is this debt profile correllated with the States relationship with Ruga?

3 Likes

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by TabletMan: 5:44am On Aug 20, 2019
Akpako news from unknown source.

9 Likes 3 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by StrongandMighty: 5:49am On Aug 20, 2019
Wow! that's a good news!

Maybe when tinubu achieves his imaginary, unattainable and unrealistic dream of 2023 presidency he can help his afonja people out!

93 Likes 2 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by RTSC2: 5:56am On Aug 20, 2019
NGpatriot:




And the low debt SE looks like DUBAI...rignt?

No.
It means their debt profile is commensurate to the current devt.

130 Likes 12 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by RTSC2: 5:59am On Aug 20, 2019
TabletMan:
Akpako news from unknown source.
You don't know the South west is the most indebted in the country.?
Infact, your people now use it as a source of pride.
They say US is heavily indebted, why not Yoruba land? grin

124 Likes 7 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by NGpatriot: 6:30am On Aug 20, 2019
RTSC2:

No.
It means their debt profile is commensurate to the current devt.


You are basically saying there's lack of development in the SE because of their low debt profile on top of the fact that they are poor and still saddled with poor income in form of IGR.

Debt, when used properly, is an instrument for development so, when you are poor and have low IGR, if means you have poor credit ratings and you can not access credit facilities which means lack of development.

36 Likes 10 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by mrvitalis(m): 6:46am On Aug 20, 2019
NGpatriot:



You are basically saying there's lack of development in the SE because of their low debt profile on top of the fact that they are poor and still saddled with poor income in form of IGR.

Debt, when used properly, is an instrument for development so, when you are poor and have low IGR, if means you have poor credit ratings and you can not access credit facilities which means lack of development.

Lack of infrastructure yet they beat u in education
Lack of infrastructure your former governor begged tinubu to remove shame and copy they south east

Una for still push for regional government lets no who is who . u think its to post imaginary IGR

139 Likes 13 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by dayobaba54: 6:50am On Aug 20, 2019
really
Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Adaibeku(f): 6:51am On Aug 20, 2019
Those afonjas ,na smallthing almajiri for north take pass dem ,
...dey ar busy mocking igbos foolishly while igbos are busy laying a foundation for their future unborn!
Can you compare southeast politicians to afonja politicians and almajiris ?NO
Upon all that ....

78 Likes 8 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by fergie001(m): 6:52am On Aug 20, 2019
mrvitalis:

Lack of infrastructure yet they beat u in education
Lack of infrastructure your former governor begged tinubu to remove shame and copy they south east

Una for still push for regional government lets no who is who . u think its to post imaginary IGR

Shots fired
I repeat Shots fired.....


Take cover.....

This early morning, you see that guy for dream mbok grin

89 Likes 6 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Jimasun: 6:56am On Aug 20, 2019
mrvitalis:

Lack of infrastructure yet they beat u in education
Lack of infrastructure your former governor begged tinubu to remove shame and copy they south east

Una for still push for regional government lets no who is who . u think its to post imaginary IGR
Who are you beating in education?
Because of special centers in the east?
Maybe you don't know our higher institutions are ranked better than those in the east?
Maybe you don't know we have 3 folds of your professors.
Maybe you don't know we have 3 folds of institutions in the east.
Maybe you don't know SW Universities always outperform SE universities.
Maybe you don't know SW has more children in higher institutions than SE.
You are a dreamer

62 Likes 13 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by helinues: 7:00am On Aug 20, 2019
Well the credibility of this news shouldn't be that matter as we all know most of the governors diverted the loans borrowed to personal money.

Nothing to show for all the billions borrowed..

4 Likes

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by FarahAideed: 7:05am On Aug 20, 2019
APC south west states claim to to generate more IGR than other regions yet also borrow 10 times more than other regions and absolutely nothing to show for it like for example Lagos State which despite it huge loans and IGR still has 70 percent of it road unpaved and unmotorable , 99 percent of it's inhabitant have no access to potable water from the govt water service , 80 percent have no access to toilets which brings us to the question WHO IS LOOTING THE RESOURCES OF THE SW?

58 Likes 6 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Urchman27(m): 7:18am On Aug 20, 2019
TabletMan:
Akpako news from unknown source.
tongue tongue

50 Likes 3 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Chrisbeks: 7:25am On Aug 20, 2019
And the funny thing is that the debt in Yoruba land was accrued just to fill one big eyed thief's pocket

72 Likes 5 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by mrvitalis(m): 7:25am On Aug 20, 2019
Jimasun:

Who are you beating in education?
Because of special centers in the east?
Maybe you don't know our higher institutions are ranked better than those in the east?
Maybe you don't know we have 3 folds of your professors.
Maybe you don't know we have 3 folds of institutions in the east.
Maybe you don't know SW Universities always outperform SE universities.
Maybe you don't know SW has more children in higher institutions than SE.
You are a dreamer
No wonder UI VC disgraced him self at UNN facebook page

We also know the public university with the best employment to graduate ratio (UNN)
Keep consoling your self with anyhow ranking

The south east beat u always in education in any official ranking
Jamb
Weac
Neco
Employment
Citation
Most profs per state
Most engineers
Most doctors should i go on ?

Just console your self with nations newspaper ranking

121 Likes 10 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by NGpatriot: 7:31am On Aug 20, 2019
mrvitalis:

Lack of infrastructure yet they beat u in education
Lack of infrastructure your former governor begged tinubu to remove shame and copy they south east

Una for still push for regional government lets no who is who . u think its to post imaginary IGR


Uneducated argument.

12 Likes 3 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Ritchiee: 7:32am On Aug 20, 2019
Ejykman:
And the region still looks like dungeon. If not federal govt infrastructure in Lagos for years as former capital, the whole Lagos would be like Ajengunle.


Only Ibadan city is more developed than the entire Igboland.Igboland is tiny with scanty modern buildings andna lots of brown roofs.

22 Likes 5 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Jimasun: 7:36am On Aug 20, 2019
mrvitalis:

No wonder UI VC disgraced him self at UNN facebook page

We also know the public university with the best employment to graduate ratio (UNN)
Keep consoling your self with anyhow ranking

The south east beat u always in education in any official ranking
Jamb
Weac
Neco
Employment
Citation
Most profs per state
Most engineers
Most doctors should i go on ?

Just console your self with nations newspaper ranking
You dream a lot.
Most doctors than SW?
Most engineers?
This guys dreams a lot.

Concocting lies.

34 Likes 6 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Philistine(m): 7:36am On Aug 20, 2019
mrvitalis:

No wonder UI VC disgraced him self at UNN facebook page

We also know the public university with the best employment to graduate ratio (UNN)
Keep consoling your self with anyhow ranking

The south east beat u always in education in any official ranking
Jamb
Weac
Neco
Employment
Citation
Most profs per state
Most engineers
Most doctors should i go on ?

Just console your self with nations newspaper ranking
Which Waec, neco and jamb did u beat Southwest? I hope u are not referring to the fake yearly state by state ranking usually released by Igbo propagandist? Ur decade old lies have been busted. Shame on you guys.

30 Likes 8 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by ariesbull: 7:37am On Aug 20, 2019
NGpatriot:




And the low debt SE looks like DUBAI...rignt?

far better...Yoruba are not good managers ..easy is far better than west in any thing

12 Likes 1 Share

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Nigerfine2: 7:40am On Aug 20, 2019
Afonja vs ipob oya let's go there.
Silly yooths . They wouldn't make good judgement with the ststs given.

9 Likes 1 Share

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by Philistine(m): 7:41am On Aug 20, 2019
ariesbull:
far better...Yoruba are not good managers ..easy is far better than west in any thing
If East is better than west in everything, why are u still rushing to their region to benefit from their schools and other social infastructures? Use Ur brain.

32 Likes 3 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by mrvitalis(m): 7:44am On Aug 20, 2019
Philistine:

Which Waec, neco and jamb did u beat Southwest? I hope u are not referring to the fake yearly state by state ranking usually released by Igbo propagandist? Ur decade old lies have been busted. Shame on you guys.
100k on ur head bring the original one

28 Likes 2 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by mrvitalis(m): 7:46am On Aug 20, 2019
Jimasun:

You dream a lot.
Most doctors than SW?
Most engineers?
This guys dreams a lot.

Concocting lies.
https://www.google.com/amp/s/www.informationng.com/2018/03/here-are-the-4-states-that-produce-highest-number-of-medical-students-in-nigeria.html/amp/
Bring a link disproving that ...we all now have internet no more newspaper lies

54 Likes 5 Shares

Re: South-West Tops List Of Domestic Debtors, South-East Least Indebted by mrvitalis(m): 7:54am On Aug 20, 2019
Jimasun:

Who are you beating in education?
Because of special centers in the east?
Maybe you don't know our higher institutions are ranked better than those in the east?
Maybe you don't know we have 3 folds of your professors.
Maybe you don't know we have 3 folds of institutions in the east.
Maybe you don't know SW Universities always outperform SE universities.
Maybe you don't know SW has more children in higher institutions than SE.
You are a dreamer
U have 3 times igbo professor son we have already burst that lie IMO has the highest number of professors
https://www.nairaland.com/1400801/imo-state-highest-number-professors

Educate ur self

58 Likes 7 Shares

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