• About Us
  • Home
Sunday, June 4, 2023
Shaka Momodu
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
Shaka Momodu
Home Business

How Lagos State Emerged Highest Domestic Debtor

by News Reporters
2 months ago
in Business, News
0 0
0
Old Naira Notes Remains Lawful Cash In Lagos State – Gov. Babajide Sanwo-Olu
Share on FacebookShare on Twitter

As of the end of December 2022, state governments and the Federal Capital Territory administration owed N5.33 trillion in domestic debt.

At the end of 2021, the subnational domestic debt stock was N4.46 trillion, representing an increase of N870 billion within one year.

According to the most recent data given by the Debt Management Agency, Lagos State has the greatest domestic debt as of the end of the fourth quarter of 2022 with N807.21bn, followed by Delta State with N304.25bn and Ogun State with N270.45bn.

Jigawa State has the lowest debt at N43.95 billion, followed by Kebbi State and Katsina State with N61.31 billion and N62.37 billion, respectively.

Abia, Adamawa, Akwa Ibom, and Anambra owing N103.7 billion, N124 billion, N219.2 billion, and N77.4 billion, respectively, while Bauchi, Bayelsa, Benue, and Borno borrowed N143.6 billion, N146.3 billion, N141.3 billion, and N96.1 billion, respectively.

Other debtor states include Cross-River; N197.2bn for Ebonyi; N76.4bn for Edo; N110.5bn for Ekiti; N117.1bn for Enugu; N91.8bn for Gombe; N139.3bn for Imo; N204.2bn for Kaduna; N83.3bn for Kano; N122.3bn for Kogi; N93.6bn for Kwara; N109

Oyo, Plateau, Sokoto, Taraba, Yobe, Zamfara, and the Federal Capital Territory each had N161.1 billion, N149 billion, N90.5 billion, N87.9 billion, N90.7 billion, N112.1 billion, and N81 billion, respectively.

However, according to the DMO, Rivers State’s domestic debt stock as of September 30, 2021, and Katsina and Taraba states’ domestic debt stock as of September 30, 2022.

Tags: Domestic Debtor
Previous Post

Anthony Joshua Wins Jermaine Franklin

Next Post

Why Professor Rufai Ahmed Alkali Resigned as NNPP National Chairman

Next Post
Why Professor Rufai Ahmed Alkali Resigned as NNPP National Chairman

Why Professor Rufai Ahmed Alkali Resigned as NNPP National Chairman

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEWS AROUND

  • Ill-health: Akeredolu is Alive, not Dead, Says Ondo Govt | METROWATCH

    By Ogochukwu Isioma Following the rumours of […]

  • My Baby Flew in Safe, Says Davido as His Maybach Car Arrives Nigeria | METROWATCH

    Superstar singer, David Adeleke aka Davido, has […]

  • PHOTOS: Sanwo-Olu Hosts Arsenal Star Bukayo Saka, Receives Signed Jersey | METROWATCH

    The Governor of Lagos State, Babajide Sanwo-Olu, […]

  • AANI Mourns Raymond Dokpesi, AIT Founder | METROWATCH

    By Ogochukwu Isioma The Alumni Association of the […]

  • Kogi: Gunmen Attack Yahaya Bello’s Convoy, Injure Security Aides | METROWATCH

    The Kogi Government on Saturday said the convoy […]

  • Why many Nigerian celebrities are in debt – BBTitans’ Jenni O | METROWATCH

    Former Big Brother Titans reality star, Jenni O, […]

  • Delta: Old Lagos-Asaba Road Named after Okowa as Ika Nation Welcomes Home Former Gov | METROWATCH

    By Collins Edomaruse   With pomp and pageantry, […]

  • Stop “Japa”, Engage More Youths in your Cabinet, Group urges Tinubu

    By Angela Atabo Connected Development (CODE) and […]

  • PHOTOS | Tinubu Commissions N’Assembly Central Mosque, Tasks Muslims on Humility | METROWATCH

    President Bola Tinubu on Friday, commissioned the […]

  • Alleged N2bn fraud: I was Not Arrested by EFCC — Ex-Women Affairs Minister, Tallen | METROWATCH

    A former Minister of Women Affairs and Social […]

  • About Us
  • Home

© 2022 THIS REPUBLIC By Shaka Momodu

No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports

© 2022 THIS REPUBLIC By Shaka Momodu

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version