Lagos on Governor Babajide Sanwo-Olu’s watch led the list of States in Nigeria with the highest domestic debt stock as of the end of June 2022.
This is according to data released by the Debt Management Office, on the state of Nigeria’s debt stock, as of the second quarter of 2022.
The aggregate domestic debt stocks of the entire States in the country rose to N5.28 trillion as of June 2022, representing N438.44 billion increase when compared to N4.84 trillion recorded as of the previous quarter.
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Below is the breakdown of the top States in the country with the highest domestic stock as of June 2022.
Lagos – N797.3 billion
Delta – N378.88 billion
Ogun – N241.78 billion
Rivers – N225.51 billion
Imo – N210.39 billion
Akwa Ibom – N203.95 billion
Cross River – N176.09 billion
Oyo – N159.91 billion
Osun – N150.53 billion
Bayelsa – N150.43 billion