Debt Management Office (DMO) has releases how much each Nigerian State Owes To China, India, and Other Organizations as it hits ₦1.87trn!
The Debt Management Office has released the external debt profile of each state as of the end of June 30, 2021
According to DMO data, Lagos has the highest external debt among the 36 states, followed by Kaduna and Edo, Borno, Yobe, and Federal capital territory (FCT) occupy the bottom three positions of states with the least external debt stock.
Here is the list of states with their current debt profiles:
Akwa Ibom $48.72m
Cross River $184.60m
The question to ask is; can we feel the impact of these loans in the respective states?
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