31/03/2024
The sub-national debts are classified into domestic borrowings from local creditors and external borrowings from international creditors like the World Bank and the International Monetary Fund.
In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers.
The domestic and external debts published on the DMO’s website were as of December 30 and June 30, 2023, respectively.
The states, which include Benue, Cross Rivers, Katsina, Niger, Plateau, Rivers, Zamfara, and the Federal Capital Territory, got N115.57bn from domestic creditors.
Cross Rivers -N16.2bn
Katsina State -N36.93bn.
Niger State -N17.85bn
Plateau state- N16.32bn;
Rivers - N7.07bn
Zamfara state -N14.26bn
FCT -N6.75bn
Benue state -N241 million
In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers.