Internal Debt Overhang: How Much Is Your State Owing?

Nigeria map

 

There has been controversies, speculations and denials of how much internal debt each state is owing. To set the records straight and foreclose confusion caused by misleading figures bandied about by opposing political forces, we dug into the records of Debt Management Office to bring out indisputable first hand information on internal debt status of each state and Federal Capital Territory.

 

 

 

                                         DEBT MANAGEMENT OFFICE NIGERIA

 

 

DOMESTIC DEBT STOCK OF STATES AND THE FEDERAL CAPITAL TERRITORY

 

 

 

AS AT JUNE 30, 2018

 

 

 

 

 

 

 

 

S/N

STATE

 

DEBT STOCK (NAIRA)

 

 

1

ABIA

 

57,467,618,625.51

 

2

ADAMAWA

 

67,460,656,267.08

 

3

AKWA IBOM

 

179,714,994,143.75

 

4

ANAMBRA

 

2,612,431,503.89

 

5

BAUCHI

 

78,076,937,314.82

 

6

BAYELSA

 

123,031,521,306.14

 

7

BENUE

 

92,930,649,665.69

 

8

BORNO

 

77,523,662,982.23

 

9

CROSS-RIVER

 

124,943,613,082.61

 

10

DELTA

 

222,680,606,739.34

 

11

EBONYI

 

34,515,070,111.77

 

12

EDO

 

69,004,633,290.09

 

13

EKITI

 

117,724,274,041.26

 

14

ENUGU

 

61,231,913,793.95

 

15

GOMBE

 

41,939,190,055.53

 

16

IMO

 

85,432,191,992.42

 

17

JIGAWA

 

34,488,374,498.85

 

18

KADUNA

 

75,606,381,758.43

 

19

KANO

 

95,420,104,800.47

 

20

KATSINA

 

30,852,661,159.10

 

21

KEBBI

 

53,874,263,625.13

 

22

KOGI

 

114,332,341,233.39

 

23

KWARA

 

40,492,924,816.54

 

24

LAGOS

 

517,367,331,872.95

 

25

NASARAWA

 

70,335,662,265.00

 

26

NIGER

 

40,300,423,742.82

 

27

OGUN

 

104,933,290,271.91

 

28

ONDO

 

50,610,170,334.16

 

29

OSUN

 

135,831,145,633.27

 

30

OYO

 

88,003,629,720.82

 

31

PLATEAU

 

121,579,460,297.29

 

32

RIVERS

 

191,156,694,184.66

 

33

SOKOTO

 

24,891,029,854.58

 

34

TARABA

 

59,598,963,943.09

 

35

YOBE

 

27,317,264,912.88

 

36

ZAMFARA

 

69,923,231,483.13

 

37

FEDERAL CAPITAL TERRITORY (FCT)

 

94,115,685,075.02

 

 

TOTAL

 

3,477,321,000,399.57

 

 

 

 

 

 

 

Note: Domestic Debt Stock for 31 States + FCT was as at March 31, 2018, while Domestic Debt Stock for 5 States (Anambra, Gombe, Katsina, Rivers and Zamfara) was as at December 31, 2017

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