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Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow / DMO Releases List Of Indebted States And How Much They Owe / Lagos Leads Highly Indebted States With More Than N1 Trillion Debts (2) (3) (4)
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Re: Most Indebted States In Nigeria 2023 by forgiveness: 11:02am On Nov 30, 2023 |
Obierika: And so? Does it change the fact that it has a thriving port before the entity Nigeria was formed? |
Re: Most Indebted States In Nigeria 2023 by MyVILLAGEpeople(m): 11:02am On Nov 30, 2023 |
IVORY2009: Imagine to borrow and loot it again while the citizens of the state are the mercy of these debts. Okowa borrowed billions on Atiku failed presidential aspiration. |
Re: Most Indebted States In Nigeria 2023 by ufotunang: 11:05am On Nov 30, 2023 |
Depriest2020:..and upon a the huge federal allocation, 13% funds, security votes, Niger Delta development commission ...but not much development in the south south states 1 Like |
Re: Most Indebted States In Nigeria 2023 by Slurity(m): 11:07am On Nov 30, 2023 |
victorclean:Why will they attack the author, you may need to know that US has more debt that Nigeria, the problem is not how mush you are owning but what can be seen that you have used the debt for. Over the past 100 years, the U.S. federal debt has increased from $404 B in 1923 to $33.17 T in 2023. Comparing a country's debt to its gross domestic product (GDP) reveals the country's ability to pay down its debt. Understanding the National Debt | U.S. Treasury Fiscal Data Treasury Department (.gov) https://fiscaldata.treasury.gov › americas-finance-guide. Nigeria debt is is less that 44Billion dollars. compare to 33.17 trillion dollars of US. |
Re: Most Indebted States In Nigeria 2023 by treatise: 11:07am On Nov 30, 2023 |
horsepower102:Why would Rivers State be oweing? |
Re: Most Indebted States In Nigeria 2023 by Sunisonflex39(m): 11:09am On Nov 30, 2023 |
Abeg any field work for ND holder that I can do? Hunger one kill me I based in Port Harcourt.. I need job..not to be dashed money.. please help |
Re: Most Indebted States In Nigeria 2023 by Jetland(m): 11:14am On Nov 30, 2023 |
horsepower102: |
Re: Most Indebted States In Nigeria 2023 by AzaHub(f): 11:14am On Nov 30, 2023 |
Mind sharing what make up those debts?
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Re: Most Indebted States In Nigeria 2023 by hotseat: 11:15am On Nov 30, 2023 |
These most indebted States earn more from FAAC and IGR, yet wallowing in suffocating debt burden. Know why? It's a clear pointer to the fact of the unparalleled thievery and unbridled wastefulness taking place in those States. One would have expected an insecurity-ravaged State like Borno to top the list. But no! With the prudent use of limited resources, Gov. Prof. Babagana Umara Zulum has been able to carve a niche for himself in the comity of States. He's a true Servant-Governor serving the good people of Borno with the fear of God and true love for his people. 1 Like |
Re: Most Indebted States In Nigeria 2023 by IamAtikulate: 11:16am On Nov 30, 2023 |
horsepower102:Please get the regional distribution of these debts and calculate their share of the national aggregate (percentage). The last time I saw the data, SE was lowest at 7%. Yorubas are celebrating IGR while they are drowning in debts. It doesn't make sense 1 Like |
Re: Most Indebted States In Nigeria 2023 by Jetland(m): 11:18am On Nov 30, 2023 |
kennyz247, hope you can find Kogi State here. 1 🟣Lagos: ₦1.97 trillion 2 🔴Kaduna: ₦525.9 billion 3 🟤Delta: ₦511.3 billion 4 🟣Ogun: ₦379.2 billion 5 🟤Edo: ₦325.1 billion 6 🟤Cross river: ₦322.0 billion 7 🟤Rivers: ₦290.2 billion 8 🟢Imo: ₦280.8 billion 9 ⚫Bauchi: ₦278.7 billion 10 🟤Akwa Ibom: ₦233.1 billion |
Re: Most Indebted States In Nigeria 2023 by IamAtikulate: 11:19am On Nov 30, 2023 |
Slurity:USA debt is held publicly and intergovernmental holding. Nigeria debt is external. U.S.A debt is like you owing yourself, while Nigeria is like a person owing another person 2 Likes |
Re: Most Indebted States In Nigeria 2023 by fx45(m): 11:21am On Nov 30, 2023 |
horsepower102:Evenly distributed... 1. Southwest 2. North East 3. North West 4. North Central 5. South East 6. South South |
Re: Most Indebted States In Nigeria 2023 by gare(f): 11:21am On Nov 30, 2023 |
horsepower102: What exactly did Delta use all that money for, look at Rivers states with all it's projects is actually half of what Delta state is owing. I believe part of the money was used to sponsor Atiku 😂 1 Like |
Re: Most Indebted States In Nigeria 2023 by Akoasi: 11:23am On Nov 30, 2023 |
Depriest2020:are you blind. Lagos owe times 10 of some staffs. Lagos owe trillions and still look like that. A former FCT for that mata 1 Like |
Re: Most Indebted States In Nigeria 2023 by John4B: 11:40am On Nov 30, 2023 |
Ss with the huge allocation they receive as oil rich states yet they are in debt |
Re: Most Indebted States In Nigeria 2023 by Adext4sure(m): 11:44am On Nov 30, 2023 |
Hunmm. Kogi State must think Dangote Group can do it all alone without FG fixing Ajaokuta Refineries. Stop playing 🎴 |
Re: Most Indebted States In Nigeria 2023 by Nobody: 11:44am On Nov 30, 2023 |
Depriest2020: When you add the debt owned by the aforementioned region . It is still not up to that of Lagos. Ethnic bigot... |
Re: Most Indebted States In Nigeria 2023 by firearcher: 11:48am On Nov 30, 2023 |
A missing context is what the debts are used for - consumption or productive ventures? US, Japan, China, France and Italy are the top 5 countries with the highest national debts in absolute term. But compared to their debt-to-GDP ratio, only Japan will be on that list, joined by Sudan, Greece and Eritrea. |
Re: Most Indebted States In Nigeria 2023 by Successlane: 11:53am On Nov 30, 2023 |
MMM |
Re: Most Indebted States In Nigeria 2023 by Rating(m): 12:00pm On Nov 30, 2023 |
Debt is not supposed to be a problem but with the Nigerian (political) culture, debt is a burden. And it affects how we are able to command attention in the global community as there is nothing significant to show for the debt. This country needs some hard reset. |
Re: Most Indebted States In Nigeria 2023 by soccerlite: 12:04pm On Nov 30, 2023 |
horsepower102: are they are acquiring debts so that they won't spend what they have in stock Since life never end Unexplainable |
Re: Most Indebted States In Nigeria 2023 by IGBOSON1: 12:07pm On Nov 30, 2023 |
MEEVEET: Hehehehehe |
Re: Most Indebted States In Nigeria 2023 by IGBOSON1: 12:09pm On Nov 30, 2023 |
Even without looking, i knew Imo state will represent the south-east on the list! What's happened and continues to happen in the politics and governance of Imo state is nothing short of TRAGIC! 1 Like |
Re: Most Indebted States In Nigeria 2023 by soccerlite: 12:09pm On Nov 30, 2023 |
gare: Which part is that How much |
Re: Most Indebted States In Nigeria 2023 by nony43(m): 12:15pm On Nov 30, 2023 |
MEEVEET: Is this true? |
Re: Most Indebted States In Nigeria 2023 by Caseless: 12:18pm On Nov 30, 2023 |
Shey Wike talk say they paid what's left of their debt to access and zenith bank in October? Why's Rivers still on the list? Bauchi and Kaduna on the list and I can't see Kano...ummm I heard Ganduje left some huge debt behind. |
Re: Most Indebted States In Nigeria 2023 by Caseless: 12:20pm On Nov 30, 2023 |
MEEVEET:Where did you see this? |
Re: Most Indebted States In Nigeria 2023 by GetMeRight: 12:24pm On Nov 30, 2023 |
Racoon:GDP, IGR, Economic growth, Economic development, etc, all have different roles. You can't determine GDP without first determining your Revenue |
Re: Most Indebted States In Nigeria 2023 by Whatisurproblem(m): 12:47pm On Nov 30, 2023 |
Racoon:when Tinubu is collecting 70% of Lagos money. |
Re: Most Indebted States In Nigeria 2023 by Slurity(m): 12:52pm On Nov 30, 2023 |
IamAtikulate:Yes, you are correct but that does not remove the fact that those money where borrowed and owned, in fact another thing you forgot to mention is that the currency that you are borrowing matters, US has advantage because they are owning in their own currency, which means they can as well print the currency if they have to pay back unlike Nigeria. The initial fact I want to buttress is that, The fact that the the value That figure of high or low debt profile is not the koko but the performance of the loan. |
Re: Most Indebted States In Nigeria 2023 by Omoawoke(m): 12:59pm On Nov 30, 2023 |
Bestmanfornow: horsepower102: We understand that most of you no go school. That’s why they say education no be scam. You guys expose your spare parts economic sense daily, what a shame! I won’t educate you on how illiterate you sound with your knowledge of debt, I prefer you drown in ignorance 1 Like |
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