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Thursday, 22 September 2016

Lagos, Kaduna and Edo most indebted states in the country

According to new data from the Debt Management Office DMO, Lagos state is the most indebted state in the country. As of June 30th this year, the state owed $1.43bn in foreign debts while Kaduna state comes in as second most indebted state with its foreign debt standing at $225.28m while Edo state is ranked third with its foreign debt at $179.52m.

According to the data, the highest owing states in the subnational foreign debts include Cross River, $141.47m or 3.87 per cent; and Ogun, $103.55m or 2.83 per cent.



The Debt Management Office (DMO) data shows Nigeria's debt profile rose from N12.6 trillion at the end of 2015 to N16.3 trillion as at June 30th.

33 comments:

Genevieve Okoroigbo said...

Even oshe too. after all his ranting. don't like him anymore.





says, Genevieve.

livingstone chibuike said...

Noted

anita gold said...

Next biko

Bonita Bislam said...

And with all these debts, lives of the ordinary masses haven't changed neither have alotta capital projects been executed. I wish every interim state government pay off their debt before handing over the burden to an incoming administration. Infact it should be enshrined In the constitution

Eddy Ogbunambala said...

Hmmmm

freeborn bamislam suani ahmad bamislam said...

And all na apc government huh?
And a fool will say Ambode is working!
WICKED EL RUFAI IS A BADLUCK NA
OSHIOMORON USE EDO MONEY TO IMPORT A BITCH IN EDO STATE .
This is to show u all why edo must vote for pdp and while AMBODE MUST RESIGN.
say no to apc ooooooo


















#sad indeed

freeborn bamislam suani ahmad bamislam said...

And all na apc government huh?
And a fool will say Ambode is working!
WICKED EL RUFAI IS A BADLUCK NA
OSHIOMORON USE EDO MONEY TO IMPORT A BITCH IN EDO STATE .
This is to show u all why edo must vote for pdp and while AMBODE MUST RESIGN.
say no to apc ooooooo


















#sad indeed

Uju Phil said...

This is really serious... Can understand that of Lagos, but Edo and KD fah is quite unexplainable!

Juliet Iwuno said...

Na wa o! Linda take note!

Ikuenobe Izziengbeaya said...

What did Oshiomole used the loan for?

Anonymous said...

Yeah
LWKM. Laugh at Nigeria's funniest pictures here

okechukwu nnoduechi said...

LOL I KNOW LAGOS MUST BE INVOLVED






AUNTY LINDA 👩

Anonymous said...

APC state's nawa ooo

vinna saviour said...

Na only dem waka come

OSINANL said...

AND ALL IS APC STATE....

Tiger H said...

All na APC state

Lagos state govt is working though

I applaud Ambode

Vivian Reginalds said...

where's that oshiomhole?
-D great anonymous now as Vivian Reginalds

Anonymous said...

APC States

Kayode abbey said...

Accumulated loan is not for one tenure, stop illiterate comment here,the loan wasn't owing by oshiomole,alrufai and Ambode get the fact,weldone gov ambode

JEMBETE(KEY-POINT) said...

NA MONEY FO ELECTION 2015 N EDO ELECTION FOR GOVNORSHIP

Emy said...

Osho, na the only Gov that used his 'own' loan well. He used his in import of foreign goods-Lara.

Musa simon audu said...

The the APC them.... #Lindatakenote

Anonymous said...

Having. A debt profile is Gud but Uju wat don't u understand that states like kaduna and Edo shud not do business they are equally entitled to have. A. Debt profile. 2

Obi said...

APC deceiving Nigerian

ORDINARY PEOPLE said...

Buhari campaign funds

Anonymous said...

Lucky igbinadion left a debt of one billion naira after he cleared all the debt from the era of Midwest, while osubor took over from him and left a debt of 4 billion naira and finally oshomole who claim to be saint left a debt of almost $200 million dollars and he think we have no record. so who is the real theif and who destroyed edo state?

Joyous babe,Linda ikeji first cousin said...

Even Lagos too, with all d money,nawa o.

Joyous babe,Linda ikeji first cousin said...

Even Lagos too, with all d money,nawa o.

abraham abraham said...

This is serious. Chaii

Anonymous said...

APC change!! Osho Baba have used Edo money to fund Buhari election. God will punish you all for deceiving Nigerians. I pity d next Governor of that state.

Anonymous said...

You must be the illiterate......The fact is for Gov Ambode it's an understandable loan against Lagos state becos the last eight years + Amobode's one year and some months show progress.......but for Edo State let the Government explain what the money was used for Abeg.....
Just for the record you go and check the debt profile of Edo four years ago it was not as high as this and it was in that 1st term he worked......Did you not also see how it has risen from what it was in 2015 to what it is now.
You are an educated young man please act like one.....
What is bad is bad........Thank you.

Linda great job......

Anonymous said...

Osho had to borrow to pay salaries after Igbinedion looted Edo state dry

Anonymous said...

It is Igbinedion's looting that made Oshiomole borrow money

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