The National Bureau of Statistics (NBS) in its report on Nigerian Domestic and Foreign Debt – June 2017 data yesterday, said Nigeria’s foreign debt stood at $15.05 billion, while the domestic debt portfolio was put at N14.06 trillion in June this year.

This represents a growth of $3.64 billion and N0.04 trillion respectively within a six-month period.
The NBS showed that $9.67 billion of the debt was multilateral; $218.25 million, bilateral, while $5.15 billion was from the Exim Bank of China, credited to the Federal Government.
Federal Government debt accounted for 74 percent of Nigeria’s total foreign debt while all states and the Federal Capital Territory (FCT), accounted for the remaining 26 percent.
Total Federal Government’s debt accounted for 78.66 percent of Nigeria’s total domestic debt, while all states and the Federal Capital Territory (FCT), accounted for the 21.34 percent balance.
A breakdown of the Federal Government domestic debt stock by instruments reflected that N7.5 trillion or 68.41 percent of the debt was in Federal Government Bonds. About N3.3 trillion or 29.64 percent are in treasury bills, while N215.99 million or 1.95 percent are in treasury bonds.
Lagos State has the highest foreign debt profile among the 36 states and the FCT, accounting for 37 percent; Kaduna, 6 percent; Edo, 5 percent; Cross River, 4 percent; and Ogun, 3 percent, followed closely.
Lagos State had the highest domestic debt profile among the thirty-six states and the FCT, accounting for 10.39 percent; Delta, 8.04 percent; Akwa Ibom, 5.18 percent; FCT, 5.09 percent; and Osun, 4.90 percent, followed in that order.

https://ynaija.com/nigerias-domestic-debts-hit-n14-06-in-june-nbs/

Anambra, no bailout funds, low debt profile and yet no civil servant is being owed salaries. Willie Obiano for president!

so mr fake news nwabobo where did you get your data from? Obi1kenobi

I expected Lagos State to be the least indebted State 'cause of its allocation and what it generates yearly.

OSun state is more indebted than Rivers State, wonders shall never end.. How did ogbeni get these loans? Must be a 419 scheme?

Lalasticlala

kimbraa:
I expected Lagos State to be the least indebted State 'cause of its allocation and what it generates yearly.

Years of mismanagement and servicing of yoruba leader Tinubu.. Lagos needs a willie obiano

Globemoney, nwanne m, you made it...osetigo

Where is that clown that calls himself nwabobo?

GOD BLESS the United States of Anambra(USA).

Lagos eeeeh

The day a new party takes over Lagos hmmm

Ambode sef

Sai biafra

Impressive!

I'm not surprised where Delta State is placed, in fact the ratings are flawed.

Osun is technically most indebted state going by its IGR and yearly debt repayment obligation.

Blessed state, My state

imagine see what osun state is owing? Aregbe don finish that state..

Beremx:
Impressive!

Lady S, where have you been? I will be coming to Lagos next month for a conference at Eko Hotels. Hope to see you and your hubby.

our IBO brodas be singing shoki.

Ok

One of the reasons why even as an Igbo guy I don't push for Biafra. Those mudaf°ckas get allocations like other states... and always keep borrowing funds yet.... everywhere almost be like bush.... Na make guys fight government for poor governance.

I can never believe NBS report...a fraudulent report that says Nigeria is out of recession but we are not

richman Na hold debt pass. so Lagos as a rich I didn't expect d opposite

Having huge debt profile shouldn't be an issue especially for states that have a robust economy.


I mean states with huge IGR more than an entire region


You spend money to make more money

"Lagos State has the highest foreign debt profile among the 36 states and the FCT, accounting for 37 percent; Kaduna, 6 percent; Edo, 5 percent; Cross River, 4 percent; and Ogun, 3 percent, followed closely.
Lagos State had the highest domestic debt profile among the thirty-six states and the FCT, accounting for 10.39 percent; Delta, 8.04 percent; Akwa Ibom, 5.18 percent; FCT, 5.09 percent; and Osun, 4.90 percent, followed in that order".