Nigerians Fume as Lagos Under Sanwo-Olu Administration Leads with Almost One Trillion in Domestic Debt; Delta, Rivers, Ogun, and Imo Round Out Top 5

Nigerians Fume As Lagos Under Sanwo-Olu Administration Leads With Almost One Trillion In Domestic Debt; Delta, Rivers, Ogun, And Imo Round Out Top 5....KINDLY READ THE FULL STORY HERE▶

Written By Oshiobugie John

In the first quarter of 2024, Nigerians have expressed outrage over the soaring domestic debt of their states, with Lagos State, under the administration of Governor Babajide Sanwo-Olu, leading the pack with an astronomical debt of nearly one trillion naira. This fiscal burden has sparked widespread concern about the financial management and sustainability of state economies across the country.

Here is the breakdown of domestic debt across the thirty-six states:

1. Lagos: ₦929.41bn
2. Delta: ₦334.90bn
3. Rivers: ₦232.58bn
4. Ogun: ₦221.22bn
5. Imo: ₦163.06bn
6. Cross River: ₦156.17bn
7. Akwa Ibom: ₦142.93bn
8. Benue: ₦116.73bn
9. Abia: ₦113.71bn
10. Bauchi: ₦108.39bn
11. Plateau: ₦107.36bn
12. Adamawa: ₦103.56bn
13. Bayelsa: ₦103.23bn
14. Oyo: ₦98.78bn
15. FCT: ₦94.01bn
16. Osun: ₦87.01bn
17. Niger: ₦86.07bn
18. Enugu: ₦82.48bn
19. Edo: ₦72.38bn
20. Gombe: ₦70.81bn
21. Zamfara: ₦65.24bn
22. Kano: ₦64.97bn
23. Kwara: ₦59.07bn
24. Ekiti: ₦57.90bn
25. Sokoto: ₦55.12bn
26. Yobe: ₦49.62bn
27. Kogi: ₦38.55bn
28. Katsina: ₦38.06bn
29. Borno: ₦36.89bn
30. Anambra: ₦34.43bn
31. Taraba: ₦32.64bn
32. Kaduna: ₦29.38bn
33. Nasarawa: ₦23.76bn
34. Ebonyi: ₦22.22bn
35. Kebbi: ₦17.06bn
36. Ondo: ₦16.40bn
37. Jigawa: ₦2.07bn