Lagos, Ogun, Rivers lead as states’ domestic debt rises to N4.82tn

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The domestic debt owed by state governments and the Federal Capital Territory administration rose to N4.82tn in the first quarter of 2022.

The sub-national domestic debt stock was N4.46tn by the end of 2021, which means it rose by N380bn between January and March this year.

Lagos, Ogun and Rivers are the three most indebted states, according to the latest data from the Debt Management Office.However, according to the DMO, the domestic debt stock for Rivers State was as of September 30, 2021. The states with the least domestic debt stock are Ebonyi, with N41.63bn; Jigawa, N42.73bn; and the Federal Capital Territory, N51.15bn.recently reported that the DMO said Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December 2021, showing an increase of N2.04tn within a period of three months.

 

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Lagos state generates the highest revenue in Nigeria yet they are in so much debt cos one man is running the show and squandering so much on his ambition especially now that he believes it's his turn. Our mumu no too much

That's what jagaban did to Lagos state Lagos should better go collect Thier money from thiefnibu ooo Before he finishes it in the election he won't win

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