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June 17, 2024

Domestic debt: Lagos, Delta, Ogun, Rivers States deey lead for debt as dem borrow N5.28trillion

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Debt-in-States-

Lagos, Delta and Ogun na the three States with the highest domestic debt figures for Nigeria as of June 30, 2022.

According to the Debt Management Office (DMO), plenty States don borrow more between the first and second quarters of the year 2022. For March, the 36 States and the Federal Capital Territory get domestic debt of N4,842,838,992,386.22.

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But e don go up now to N5,281,277,033,703.91 as at the end of June.

As of the time under review, Lagos State don borrowed a total of N797,305,312,602.53.

E show say the debt profile of Lagos don increase from the N780,476,880,563.06wey e dey before in March 31, 2022,  and the debt stock of Delta State go up well well within the three months period.

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