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:

Abia $99.74m


Adamawa $116.58m

Akwa Ibom $48.72m

Anambra $111.48m

Bauchi $133.69m

Bayelsa $63.12m

Benue $32.96m

Borno $16.70m

Cross River $184.60m

Delta $62.20m

Ebonyi $65.35m

Edo $281.47m

Ekiti $102.30

Enugu $124.22m

Gombe $33.21m

Imo $96.97m

Jigawa $30.53m

Kaduna $559.50m

Kano $67.67m

Katsina $55.35m

Kebbi $43.25m

Kogi $29.53m

Kwara $46.54m

Lagos $1.38bn

Nassarawa $58.47m

Niger $70.37m

Ogun $103.65m

Ondo $85.95m

Osun $95.50m

Oyo $87.73m

Plateau $32.76m

Rivers $86.36m

Sokoto $37.15m

Taraba $20.59m

Yobe $25.81m

Zamfara $32.01m

FCT $29.45m

The question to ask is; can we feel the impact of these loans in the respective states?

If you learnt anything from this, kindly share with someone out there.

Dr. Emmanuel Idenyi Shaibu
animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA, ACCrFE

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