Connect with us

Business

Revealed! NBS Releases List of Debts Owed By Nigerian State (See Full Lists)

Published

4 years ago

on

The National Bureau of Statistics, NBS, has released the debt profile of each state.

 

 

 

News Rain Nigeria reports that Nigerian states including the Federal Capital Territory are in debt to the tune of N4.2tn, according to the National Bureau of Statistics (NBS).

With the latest report, Lagos state accounted for 12.15 per cent of the debt stock as of the end of 2020 while Jigawa state had the least debt stock in this category with a contribution of 0.74 per cent.

 

Revealed! NBS Releases List of Debts Owed By Nigerian State (See Full Lists)

 

Below is the list of states with their current debt profiles;

  1. Abia – N89.12bn (2.13 per cent)
  2. Adamawa – N98.9bn (2.36 per cent)
  3. Akwa Ibom – N230.8bn
  4. Anambra – N59.97bn
  5. Bauchi – N102.8bn
  6. Bayelsa – N144.13bn
  7. Benue – N126.12bn
  8. Borno – N89.05bn
  9. Cross River – N163.16bn,
  10. Delta – N248.45bn
  11. Ebonyi – N44.21bn
  12. Edo – N80.78bn
  13. Ekiti – N84.97bn
  14. Enugu – N68.09bn
  15. Gombe – N84.72tn
  16. Imo – N150.2bn
  17. Jigawa – N30.97bn
  18. Kaduna – N68.75bn
  19. Kano – N116.93bn
  20. Katsina – N48.03bn
  21. Kebbi – N56.81bn
  22. Kogi – N68.09bn
  23. Kwara – N63.63bn
  24. Lagos – N508.78bn
  25. Nasarawa – N59.4bn
  26. Niger – N66.77bn
  27. Ogun – N153.49bn
  28. Ondo – N74.66bn
  29. Osun – N134.11bn
  30. Oyo – N94.5bn
  31. Plateau – N137.8bn
  32. Rivers – N266.9bn
  33. Sokoto – N42.36bn
  34. Taraba – N106.04bn
  35. Yobe – N54.87bn
  36. Zamfara – N98.02bn
  37. FCT – N69.5bn

Recall that Legit.ng had reported that it seems Nigeria is sinking in more debts if the statement released by the Debt Management Office is to be believed.

According to the statement, Nigeria’s total public debt rose to N32.9tn at the end of December 2020.  The report from the DMO said the figure stood at N32.2tn as of the end of September 2020.

This consequently showed an increase of N700bn.

Legit.ng had also reported that the federal government was in the process of acquiring a $750million loan from the World Bank to help boost the Nigerian economy.

Based on current dollar rates, the total sum of the money in naira is N285, 375, 000 (two hundred eighty-five billion three hundred seventy-five million three hundred eighty).

This loan according to the minister of finance, Zainab Ahmed, will stimulate the local economy and support vulnerable household consumption.

Related Topics: