With $1.38bn external debt, representing 4.13 percent of the $33.46bn total external debt stock owed by Nigeria in the category, and N533.81 billion domestic debt, Lagos remains the most indebted state in the country.
This is according data released by the Debt Management Office (DMO) recently on the external debt profile of each state as of the end of June 30
While Lagos has the highest external debt among the 36 states, followed by Kaduna and Edo, Borno, Yobe, and Federal capital territory (FCT) have the least debts.
The DMO said as of the end of June 2021, Nigeria has an external debt stock of $33.46 billion (N13.8 trillion) owed to countries and international organizations.
DMO data showed that the federal government owes $28.91 billion external debt while Nigerian states including the Federal Capital Territory owe an external debt of $4.55 billion ($1.87 trillion).
Here is the list of states with their current debt profiles according to the DMO:
Akwa Ibom $48.72m
Cross River $184.60
Plateau . $32.76m
In domestic debt category, Lagos led, followed by leading oil producing states of Akwa Ibom and Rivers.
Full list Below:
Akwa Ibom: N242.27bn
Cross river: N161.55bn
Enugu : 68.72bn