₦airaland Forum

16 STATES & FCT REDUCED THEIR EXTERNAL DEBT IN 18 MONTHS

Jun 2023 to Dec 2024, reduced by: Value & %
1 🟣Lagos — $94 million, -7.4%
2 🟢Enugu — $33.6 million, -27.9%
3 🟣Osun — $14.6 million, -16.2%
4 🟣Oyo — $11.2 million, -17.5%
5 🟤Akwa Ibom — $7.99 million, -18.3%
6 🟢Imo — $6.38 million, -8.2%
7 🟣Ondo — $5.0 million, -6.2%
8 🟠FCT — $3.89 million, -16.6%
9 🟤Benue — $3.72 million, -12.7%
10 ⚫️Gombe — $3.71 million, -10.1%
11 🟤Bayelsa — $3.70 million, -6.2%
12 ⚫️Adamawa — $3 million, -3%
13 🔴Jigawa — $2.92 million, 11.1%
14 🟤Delta — $2.38 million, -4%
15 ⚫️Yobe — $2.34 million, 10.2%
16 🟠Kogi — $1.93 million, 3.5%
17 🟢Anambra — $1.9 million, -1.8%

🟠NC ⚫️NE 🔴NW 🟢SE 🟤SS 🟣SW

#Statisense
(DMO)

All States & FCT reduced their Domestic Debt between Jun 2023 & Dec 2024 except....

Increased by:
1 🟤Rivers — ₦138.89 billion, +61.6%
2 🟢Enugu — ₦26.09 billion, +28.0%
3 🟠Niger — ₦18.79 billion, +15.4%

Most reduction by value
1 🟤Delta — ₦265.83 billion
2 🟣Lagos — ₦96.25 billion
3 🟢Imo — ₦94.69 billion
4 🟤Cross river — ₦85.91 billion
5 🟣Ogun — ₦81.34 billion

🟤SS 🟠NC 🟢SE 🟣SW

#Statisense
(DMO)

Marvieduke:
Using dollars to measure the amount of debt whereas naira is our currency.....

SpecialAdviser:
Enugu leads, others follow.

Ikaeniyan0:
Look at how dry the thread is... If the thread is about the states and the FCT debt increasing now, e go don reach like page 10. Wailers and losers won't let us hear word

Ikaeniyan0:
Look at how dry the thread is... If the thread is about the states and the FCT debt increasing now, e go don reach like page 10. Wailers and losers won't let us hear word

Marvieduke:
Using dollars to measure the amount of debt whereas naira is our currency.....

TimeManager:
Why are you surprised?. The only reason they are angry and bitter is because it is not their own man power.


-Kiss the truth!

kadraxkyle:
Lairs, they collected loan to clear the debts

It is just a case of you owe a friend then you borrow money from another friend to clear the debt, then you are now owing the other friend, and the cycle continues

MoneyMan5:
One of the reasons you will know Nigerians have low IQ is expecting Tinubu to turn the economic situation of Nigeria around in under one or two years which is impossible.

Nigeria was ending to doom before but now everything has turned out for better with the reforms of Tinubu.


Better developed countries like China, Japan even South Africa etc didn't just get there in a single year or two. It took being consistent with reforms and policies for decades, the fact that Tinubu reforms have already achieved so much already showed we are going in the right directions.

Obi presidency would have been so catastrophic for Nigeria, if you think Tinubu presidency is hard then Obi presidency would have been hell because he have no balls to take the necessary risks for this country to move forward.

These Obi supporters also supported Donald Trump now Americans are crying and wailing online about how disastrous Donald Trump is

MoneyMan5:
One of the reasons you will know Nigerians have low IQ is expecting Tinubu to turn the economic situation of Nigeria around in under one or two years which is impossible.

Nigeria was ending to doom before but now everything has turned out for better with the reforms of Tinubu.


Better developed countries like China, Japan even South Africa etc didn't just get there in a single year or two. It took being consistent with reforms and policies for decades, the fact that Tinubu reforms have already achieved so much already showed we are going in the right directions.

Obi presidency would have been so catastrophic for Nigeria, if you think Tinubu presidency is hard then Obi presidency would have been hell because he have no balls to take the necessary risks for this country to move forward.

These Obi supporters also supported Donald Trump now Americans are crying and wailing online about how disastrous Donald Trump is

MoneyMan5:
Same Enugu that also increased their debt by 26billion

SpecialAdviser:
Enugu leads, others follow.

nairalanda1:
It doesn't matter.

This year's budget was based on oil being above 75 dollar per barrel. The current oil price is below that. So, loans will be taken whether we like it or not.

Also , we need oil to be above 130 dollars per barrel to balance our budget. The oil price is lower than that,so loans have to be taken

Even with the 75 dollar benchmark, a deficit of 13 trillion was factored into this year's budget. More loans to be taken

The above table is an exercise in self deceit. Yes debts be paid thanks to subsidy removal freeing up more money, but it does not mean that we will stop taking loans


Until we cure our dutch disease. Tinubu does not have the medication and is just continuing on the same old same old.


I pity Nigeria

And no, obi or atiku are not the answer either..obi was saying he would borrow to pay subsides. Hahahaha

Misterone:
stop writing rubbish!