LEGIT NG
The National Bureau of Statistics (NBS) has revealed that Lagos State recorded the highest external debt of $1.2 billion as of June 30, 2023.
The NBS data was extracted from the Debt Management Office (DMO) and tracked by Legit.ng, revealing that Lagos’s debt is mostly via bonds rather than bilateral.
Kaduna follows Lagos state closely at $569.4 million in total external debt.
Unlike Lagos, Kaduna State’s debts are primarily bilateral from India and China Exim Bank, among others. The state does not have any debts in Eurobonds or diaspora bonds.
Other states include:
- Edo: $258.4m 4
- Bauchi: $170.4m 5
- Cross river: $153.2m 6
- Enugu: $120.7m 7
- Ogun: $111.6m 8
- Anambra: $105.6m 9
- Ekiti: $103.5m 10
- Kano: $101.3m
Connect with us on our socials: