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Nairaland Forum / Nairaland / General / Politics / Nigerians States With The Highest Foreign Debt Revealed (221 Views)
Foreign Debt To Top $51bn As Tinubu Seeks Fresh $7.8bn, €100m Loans / Ambode: Tinubu And Fashola Owe $1.43bn Foreign Debt Not Me / Lagos State Has Highest Foreign Debt In The Country- DMO (2) (3) (4)
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Nigerians States With The Highest Foreign Debt Revealed by Abbazamzas: 8:54pm On Mar 28 |
Data released by the Debt Management Office (DMO) reveals the total domestic debt stock of the 36 states and the Federal Capital Territory (FCT) reached N5.862 trillion by December 31, 2023. This marks a significant increase from the N5.337 trillion recorded in 2022. Over the span of December 2022 to December 2023, the domestic debt of the 36 states and the FCT saw a notable surge of approximately N525 billion. This translates to a considerable uptick of 9.83% within the one-year timeframe. The top 10 states with the highest domestic debt stock are; https://www.hawkersv.com/2024/03/nigerians-state-with-highest-foreign.html |
Re: Nigerians States With The Highest Foreign Debt Revealed by malali: 6:36am On Mar 29 |
[b]The top 10 Nigerian states with the highest domestic debt burdens: Lagos State: 2022: N807.20 billion 2023: N1.048 trillion Delta State: 2022: N304.24 billion 2023: N373.40 billion Ogun State: 2022: N270.45 billion 2023: N278.67 billion Rivers State: 2022: N225.50 billion (data for March 31, 2023) 2023: N232.57 billion (data for March 31, 2023) Cross River State: 2022: N197.21 billion 2023: N220.20 billion Imo State: 2022: N204.22 billion 2023: N217.11 billion Akwa-Ibom: 2022: N219.26 billion 2023: N190.47 billion Benue State: 2022: N141.29 billion 2023: N187.18 billion Plateau State: 2022: N149.01 billion 2023: N173.93 billion Bauchi State: 2022: N143.63 billion 2023: N160.80 billion These figures illustrate the significant increases in domestic debt among these states over the course of one year. While borrowing can provide resources for development, it's crucial for states to manage debt levels effectively to avoid economic instability.[/b] |
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