NIGERIA'S DEBT STOCK PROFILE:SMALLEST STATE HAS LARGEST DEBT

Nigeria's Debt Profile: Smallest State Has Largest Debt

The debt stock data released by the National Bureau of Statistics (NBS) revealed that the smallest state in Nigeria- Lagos, with a landmass of 3,345km, has the largest debt burden among all states. The state’s debt stock is 35.61% of the country's foreign borrowings. Kaduna (5.79%), Edo (5.64%), Cross River 4.08% and Enugu 3.23%, are all clustered behind Lagos. 
by SAHARAREPORTERS, NEW YORK Mar 27, 2018
The debt stock data released by the National Bureau of Statistics (NBS) revealed that the smallest state in Nigeria- Lagos, with a landmass of 3,345km, has the largest debt burden among all states.
The state’s debt stock is 35.61% of the country's foreign borrowings. Kaduna (5.79%), Edo (5.64%), Cross River 4.08% and Enugu 3.23%, are all clustered behind Lagos.
The spread of domestic debts is more even; Lagos takes up only 10.85% of the stock in this category. Sokoto state borrows quite little locally; it owes just 0.78% of aggregate borrowing within Nigeria.
However, the federal government owes 78.23% of the country’s entire debt stock as at 31st December 2017, while the states owe just 21.77%. Nigeria’s foreign debt profile stands at $18.9 billion and its local borrowings amounted to N3.35 trillion

Comments

Post a Comment

Popular posts from this blog

Image
ORLUZURUMEE  CULTURAL  UNION ELECTS  NEW  LGA EXCOs BY JOHN MGBE                                                           BARR. REUBEN OKORO                  CHAIRMAN BOARD OF TRUSTEES(BOT) ORLUZURUMEE CULTURAL   UNION The  Orluzurumee  Cultural  Union has  elected new  members  of  the   Local  Government  Executive  Committees(EXCOs) of the 12 Local  Government  Areas in Imo  East( aka  Orlu senatorial  zone) of Imo  State. The  members  of  the   LGA  EXCO  emerged in a  free, fair  and  peaceful  election  which   took  place at  the  various  Local  Government  ve...
Read more

INDEPENDENT NATIONAL ELECTORAL COMMISSION RELEASES ELECTION CALENDAR FOR 2019 ELECTION YEAR

  The Independent National Electoral Commission (INEC) on Tuesday, January 9, released the timetable and schedules of activities for the 2019 general elections. INEC Chairman, Prof Mahmood Yakubu, said in Abuja that the dates for National Assembly and Presidential elections remain Feb. 16, 2019; while governorship and State House of Assembly elections, will hold on March 2, 2019.   Yakubu said that the conduct of party primaries including resolution of disputes arising from primaries for national and state elections has been slated for between Aug. 18, 2018 to Oct. 7, 2018. He added that the conduct of parties primaries for the FCT Area Council election has also be scheduled for between Sept. 4 and Oct. 27.   Yakubu said that political campaigns by political parties for Presidential Election and NASS elections would commence on Nov. 18 and end on Jan. 14, 2019; while that of governorship and State Houses of Assembly would start on Dec. 1 and end on Feb. 2...
Read more

GOVS.IHEDIOHA, AMINU TAMBUWAL & IFEANYI UGWUANYI@ IRIJI MBAISE FESTIVAL

Image
PHOTO: Governors IHEDIOHA, Aminu Tambuwal, Ifeanyi Ugwuanyi grace Mbaise NEW YAM FESTIVAL in Imo chibuike onyeukwu  <chibuike.onyeukwu@gmail.com> To: equitywave , ekeochap@yahoo.com , Emmanuel Mgbeahurike , rgoorji@yahoo.com , thegrandmag@yahoo.com Aug 15 at 5:23 PM Pic: IMO ALIVE TO CULTURE: Imo State Governor, Emeka Ihedioha (2nd left) flanked by his counterparts, Enugu State Governor, Ifeanyi Ugwuanyi, (left), Sokoto State Governor, Aminu Tambuwal, former Imo State Governor, Achike Udenwa  during the famous 2019 Iriji (New Yam) Mbaise festival held at the Mbaise Secondary School, Aboh Mbaise LGA, Imo State, Thursday. JI MBAISE .jpg
Read more