Debt is not neccesarily bad. Many organizations borrow money to fund their growth and expansion. So do governments. But it becomes a problem when a borrower has nothing tangible to show for its accumulated debt stock. It gets even more worrying if the debt stock becomes unsustainable (in terms of ability to pay back).

So, how do Nigeria states measure up on their debt profiles and ability to service it? We took a look at the debt and dept-per-capita of Nigeria states.

Lagos leads the pack with more than 1.44trillion naira in debt. Kaduna, Edo, Cross River & Enugu make up the top 5.

Looking at the debt-per-head (per capita) figures, each Lagosian owes an average of N25,288. Meanwhile, Edo comes second with each citizen owing N18,538. Cross-River comes third with each citizen of the state owing an average of N15,995. (See the chart below for the full list)

It is important to note that, while a state like Lagos may lead the league tables for indebtedness but then, the state equally has the most capacity to pay back/service it. States like Taraba, Borno, Yobe might have the least debt stock, but then, these are states that have the hold the least promises as financial entities. In other words, they have the least capacity and opportunity to borrow money.

SOURCE: http://databod.com/economy/debt-profile-nigeria-36-states-detailed-breakdown/

alright

Interesting insights.
I hope Lagos state doesn't run the whole state into debt.

cc lalasticlala

Ambode should be investigated...Seems all the profit Lagos is making is being diverted to Bourdillon

Haha Kwara my state lol

Not surprised, it all stated with Tinubu, then to Fashola and now Ambode, you see them doing wuruwuru projects with just face value without disclosing how much is been spent. By the time Tinubu and his cronies finish with Lagos state, then we will realized all that glitters are not gold.

wetin concern us.









































































..na their problem and business

d

The largest economies are run on debt.

Hmmmmm God bless me

LAGOS, OUR LAGOS!!

Am not surprised, Lagos is working. The most developed and advanced among the 36 states

My osun

Would have being surprise if Lagos didn't top the chat.....
In business your debt determines your true worth and influence

How does that consign me

Debt is part of wealth.

H

issorite

@op, nice graph but using ggplot in R would have given you a very fine plot.
There is limitations to what excel and other packages can give you when it comes to data visualization.
Ggplot rocks.
My 2 cent

nairavsdollars:
Ambode should be investigated...Seems all the profit Lagos is making is being diverted to Bourdillon

Don’t mind him, he will say he borrowed to make Lagos a megacity. Then a new governor will enter in 2019/2023 and reveal how he built a website for 32M

so apc states are not still left out

Hmm

OP you have an amazing blog. Keep it up

Space booked

They even sheared the debt per our head as if we follow them chop. Thunder fire una.

Someone should query the Auditor-General of Lagos, ASAP!

Edo became indebted as soon as Oshiomhole married that international woman of easy virtue known as Iara Oshiomhole.
Meanwhile, Oshiomhole is still trying to get her pregnant, something many business men around the world have unsuccessfully tried and failed.

This is just the external debt stock, it does not include the internal debt.

Same way the biggest debtor in Nigeria is Dangote