Some States in Nigeria borrowed about N200 billion as domestic debts at the first quarter of the year. DAILY POST reports that January to March 2023 were
Some States in Nigeria borrowed about N200 billion as domestic debts at the first quarter of the year.
Delta, Niger, Ogun and Edo States emerged the top borrowers in this first quarter of 2023, incurring over N180 billion, according to data released by the Debt Management Office in its report. Likewise, the DMO report disclosed that the Edo State government acquired about N16bn loan in the first quarter of the year. In December 2022, Edo was owing N110,591,684,782.43. The figure has since risen to N126,441,400,757.30 in March, 2023.
Also, Bauchi and Enugu added about N1bn each to their debts. From 91,856,182,849.75 in December 2022, Enugu now owes N92,688,975,881.26. Bauchi, which had 143,638,075,199.37 debt figure in 2022, now owes N144,542,559,993.41. Meanwhile, Jigawa is the State with the lowest domestic debt figure at the moment, owing a sum of N43bn.The DMO said Nasarawa owes N71bn; Ondo, N75.5bn; Ebonyi, N75.8bn; Anambra, N77bn; Kaduna, N80bn; FCT, N84bn; and Yobe, N88bn.
However, the Domestic Debt Stock Figures for Benue and Kano States were as at December 31, 2022, while that of Katsina and Taraba States were as at September 30, 2022.Expert speaks
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