By Adamu Muhammad
In the first quarter of 2024, domestic debt levels across Nigerian states have revealed significant financial disparities.
Lagos State tops the list with a staggering debt of N929.41 billion, significantly higher than any other state, Delta State follows at a distant second with N334.90 billion, and Rivers State holds the third position with N232.58 billion.
Ogun State (N221.22 billion) and Imo State (N163.06 billion) rank fourth and fifth, respectively. Other states with higher debts include Cross River (N156.17 billion), Akwa Ibom (N142.93 billion), and Benue (N116.73 billion), each exceeding N100 billion.
Notably, some states have managed to maintain relatively lower debt levels. Jigawa State has the lowest debt among all states with N2.07 billion, followed by Ondo State with a domestic debt of N16.40 billion, then Kebbi with N17.06 billion.
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