Lagos, Rivers, Akwa Ibom lead in N4.12tn subnational domestic debts

Lagos, Rivers, Akwa Ibom lead in N4.12tn subnational domestic debts

The domestic debts owed by state governments and the Federal Capital Territory Administration was at N4.12tn at the end of the second quarter of 2021. Lagos, Rivers and Akwa Ibom are the three most indebted, according to the latest data from the Debt Management Office. The N4.12tn debt represents 18.94 per cent of the country’s…

 
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Source: Lagos, Rivers, Akwa Ibom lead in N4.12tn subnational domestic debts

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