₦airaland Forum

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

Ok

lalasticlala

Now,who is going to repay those loans?Is it the states or the governors who took took it for their personal use?There is no impact of those loans on infrastructures or improvement on the wellbeing of their people.Those governors who took the loans should repay it from their own pockets.

Madridguy say something or how they not APC States?
this is why Oshiomole want to kill himself cos of Edo State election. he don't want any party to open his track and records for his 8years in office. Do or Die politicians

See wetin Oshomole cause for Edo State!

Why the Loan from World Bank last year?

See Now?

Why you dey hurry hurry me naa?

Eboski:
Madridguy say something or how they not APC States?
this is why Oshiomole want to kill himself cos of Edo State election. he don't want any party to open his track and records for his 8years in office. Do or Die politicians

The figures look quite high, especially that of Lagos. But a state like Lagos requires all the money it can have access to. Borrowing is not a bad idea as long as it is done in good faith.

Chai! what do they used the loan for? You can not sight any good development in those state mention..

With all the IGR of LAgos? Na wa ooo