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Nigerians States With The Highest Foreign Debt Revealed - Politics - Nairaland

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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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