The total debt stock of Nigeria rose to N97.341 trillion or $108.229 as of December 31, 2023, the Debt Management Office (DMO) has said.
The total debt stock of Nigeria rose to N97.341 trillion or $108.229 as of December 31, 2023, the Debt Management Office has said.The DMO revealed that Lagos State topped the list of most indebted states in NigeriaThe total debt stock of Nigeria rose to N97.341 trillion or $108.229 as of December 31, 2023, the Debt Management Office has said.The DMO revealed that Lagos State topped the list of most indebted states in Nigeria with N1.05 trillion as of December 31, 2023.
Allaying a possible outcry over the rising debts, the DMO said the borrowings were consistent with the debt management strategy of the country. Plateau State is next with N173.93 billion; Bauchi State followed with N160.81 billion while Oyo State occupies the 11th position on the debt log with N159.94 billion.
Sokoto State comes next with N89.22 billion; Gombe State owes N88.97 billion; Kaduna State owes N85.52 billion; Taraba State owes N81.33 billion; Anambra State N74.20 billion; Ondo State N71.50 billion while Nasarawa State owes N71.15 billion.