States groaning in domestic debt

The total domestic debt of the 36 states of the federation as at December 2016 amounted to N2.958 trillion with Lagos state accounting for the highest of N311.7 billion. Lagos is followed by Delta state with a to local debt of N241.231 billion. Akwa Ibom is third with N155.431 billion while Rivers state is fourth in the high debt ranking with a domestic debt profile of N142.424billion. The state with the lowest domestic debt stock is Anambra that has N3.993billion debt overhang.

The debt stock are as follows:

States                           DEBT STOCK as at 31 December 2016 N

1 ABIA                          53,525,312,006.52
2 ADAMAWA                62,157,535,395.46
3 AKWA IBOM **         155,431,513,524.27
4 ANAMBRA                3,993,892,365.13
5 BAUCHI                     69,988,356,863.98
6 BAYELSA                  140,177,083,911.42
7 BENUE                      63,526,706,066.01
8 BORNO                     30,929,430,222.10
9 CROSS-RIVER        128,142,093,128.98
10 DELTA                    241,231,439,060.79
11 EBONYI                 28,057,144,823.57
12 EDO                      45,091,949,113.97
13 EKITI                     85,049,678,107.89
14 ENUGU                 48,417,542,411.95
15 GOMBE                48,312,227,448.91
16 IMO                       93,267,764,679.14
17 JIGAWA *              19,005,549,048.55
18 KADUNA               63,276,471,968.43
19 KANO                   93,715,181,155.05
20 KATSINA *           21,449,608,359.00
21 KEBBI                 20,650,989,926.98
22 KOGI                  71,381,258,449.39
23 KWARA               38,136,723,517.24
24 LAGOS               311,755,801,825.04
25 NASARAWA        59,033,751,798.50
26 NIGER                31,984,093,598.83
27 OGUN ***           75,921,433,395.59
28 ONDO                53,159,719,890.95
29 OSUN               147,069,973,626.49
30 OYO                  115,886,553,198.89
31 PLATEAU         110,340,669,344.38
32 RIVERS **         142,424,091,344.00
33 SOKOTO         22,450,254,651.14
34 TARABA         38,868,702,728.14
35 YOBE            13,581,297,872.19
36 ZAMFARA      58,321,024,470.39
37 FCT               152,804,609,025.30
TOTAL              2,958,517,428,324.56