Lagos Debt Hits N1 Trillion; Rivers, Delta Follow

South West Nigeria, is number one among the highly indebted states in Nigeria in both external and domestic debts with N1.043 trillion in 2018, according to the latest report by the Economic Confidential.

 

The report further shows that outside Lagos state that is leading the pack on total external and domestic debts with N1.043 trillion, Rivers state is second with N253.772 billion, Delta comes to the third position with N251.589 billion, followed by Cross River in the fourth position with N235.914 billion and the fifth position was grabbed by Akwa Ibom with N215.099 billion.

The investigation also brought to the fore that five states made the list of least indebted states in the external debt stock with Taraba state having $21.611m (N7.780bn), followed by Borno with $21.618m(N7.782bn), and Yobe state with $27.486m(N9.895bn) all in North Eastern Nigeria.