₦airaland Forum

Lagos, Kaduna and Edo most indebted states in the country



According to new data from the Debt Management Office DMO, Lagos state is the most indebted state in the country. As of June 30th this year, the state owed $1.43bn in foreign debts while Kaduna state comes in as second most indebted state with its foreign debt standing at $225.28m while Edo state is ranked third with its foreign debt at $179.52m.

According to the data, the highest owing states in the subnational foreign debts include Cross River, $141.47m or 3.87 per cent; and Ogun, $103.55m or 2.83 per cent.



The Debt Management Office (DMO) data shows Nigeria's debt profile rose from N12.6 trillion at the end of 2015 to N16.3 trillion as at June 30th.

http://www.lindaikejisblog.com/2016/09/lagos-kaduna-and-edo-most-indebted.html?m=1

And all are APC governed states..... Change indeed

All APC States

Edolites better be wise in choosing your next governor.

Lagos, Kaduna, Edo Owe Foreign Creditors $1.84Bn

WITH a combined foreign debt profile of $1.84bn, Lagos, Kaduna and Edo are the most indebted states of the federation as far as subnational foreign debts are concerned, investigation has revealed.








Statistics obtained from the Debt Management Office in Abuja on Wednesday showed that the 36 states of the federation and the Federal Capital Territory owe $3.65bn in foreign debts as against the $7.61bn owed by the Federal Government as of June 30, 2016; bringing the country’s total foreign debt to $11.26bn.


Lagos, which has the biggest economy in the country, retained its topmost position as the most indebted state of the federation with a total of $1.43bn in foreign debts. Thus, the state holds 39.17 per cent of the country’s total subnational foreign debts.



Kaduna State, with total foreign debt of $225.28m, comes in the second position. It holds 6.16 per cent of the subnational foreign debts.


Edo State, with a total of $179.52m as of June 30, holds 4.91 per cent of the country’s subnational foreign debts.


The highest owing states in the subnational foreign debts include Cross River, $141.47m or 3.87 per cent; and Ogun, $103.55m or 2.83 per cent.


Others are Bauchi, with $97.23m or 2.66 per cent; Osun, $78.93m or 2.16 per cent; Adamawa, $77.14m or 2.11 per cent; Enugu, $74.46m or 2.04 per cent; Katsina, $68.99m or 1.89 per cent; and Oyo, $67.56m or 1.85 per cent.


Some of the least indebted states of the federation are Borno, $21.89m; Taraba, $23.01m; Plateau, $29.24m; Yobe, $29.28m; Jigawa, $32.62m; Kogi, $33.56m; Benue, $34.26; FCT, $34.8m; Zamfara, $35.07m; and Delta, $42.21m.


ThePunch Newspapers had reported that the 36 states of the federation and the FCT grew their external debts by $1.37bn in five years.


The external indebtedness of the subnational governments as of December 31, 2010 stood at $2bn. However, by December 2015, it had risen to $3.3bn.


This shows that the subnational governments grew their external debts by 68.44 per cent within the five-year period.


Some states, over the period, maintained their top positions in the borrowers’ club, while others jumped onto the list in the period.


With an external debt of $41.19m in 2010, Edo State, for instance, was not among the most indebted states in the country.


However, by the end of December 2015, the state’s external debt profile had leapt to $168.19m, showing a difference of $127m. This means that the state’s external debt rose by 308.34 per cent in five years

http://www.socialtimesng.com/2016/09/lagos-kaduna-edo-owe-foreign-creditors-1-84bn/

And Osho and im pipu want another term

Lagos state is understandable but TF Edo and Kaduna?

and also the most performing governors with ogun state, cross river and anambra state

Big Lie. Where is Delta state on the list?? Delta state (PDP) owes as much if not more than those 3 states combined.

http://247ureports.com/delta-tops-list-of-states-with-highest-debt-profile/

[size=14pt]Delta Tops List of States With Highest Debt Profile[/size]

Oil rich Delta State has been ranked the most indebted state in Nigeria, a document by the Debt Management Office (DMO) has shown.

The state, according to DMO incurred domestic debt profile of N320.6bn as at 2015, putting it far ahead Lagos State with a debt profile of N218.6bn which polled second on the ladder.

http://advocateng.com/n637-billion-debts-delta-apc-challenges-okowa-to-probe-uduaghan/

Ok, they should continue, APC has try

RockHard:
Big Lie. Where is Delta state on the list?? Delta state (PDP) owes as much if not more than those 3 states combined.

http://247ureports.com/delta-tops-list-of-states-with-highest-debt-profile/

[size=14pt]Delta Tops List of States With Highest Debt Profile[/size]



http://advocateng.com/n637-billion-debts-delta-apc-challenges-okowa-to-probe-uduaghan/

make sure you read and understand what you read before commenting.
There is a difference between foreign and domestic(internal) debt

RockHard:
Big Lie. Where is Delta state on the list?? Delta state (PDP) owes as much if not more than those 3 states combined.

http://247ureports.com/delta-tops-list-of-states-with-highest-debt-profile/

[size=14pt]Delta Tops List of States With Highest Debt Profile[/size]



http://advocateng.com/n637-billion-debts-delta-apc-challenges-okowa-to-probe-uduaghan/

You simply interested in saying a pdp state tops the list of indebtedness not the substance of the report.

Yeye!

omololu2020:
make sure you read and understand what you read before commenting.
There is a difference between foreign and domestic(internal) debt

Whether domestic or foreign, 600-billion Naira debt owed by Delta state blows away any of the figures up there.

http://www.thisdaylive.com/index.php/2016/09/22/nigerias-debt-rises-by-n4tn-in-six-months/

Domestic debts taken by state governments stood at N2.5trillion, as Lagos, Delta, Cross River, and the Federal Capital Territory top the debtors list.

tuniski:
You simply interested in saying a pdp state tops the list of indebtedness not the substance of the report.

Yeye!

Make we hear word abeg, you this hypocrite. Why you no tell that to your ilk up there already politicizing it, abi you blind?? Who are you trying to fool??