News Update
A recent data released by the Debt Management Office (DMO) on the details of external debts owed by the 36 states and FCT has shown how the sub-nationals increased and decreased their external debts between June 2023 and December 2024.
Despite the much talked about increase in federal allocation to the states of the federation, a total of 20 states have increased their external debts in the period under review, while 16 states and the FCT have reduced their external debts within the same period.
Edo, Rivers, Ogun, Kaduna and Katsina states top the list of states with increased external debts while Zamfara, Plateau, Nasarawa, Niger and Kwara states recorded the least increment.
Other states with increased external debts include; Cross River, Ebonyi, Ekiti, Borno, Kano, Bauchi, Sokoto, Kebbi, Abia, and Taraba.
Meanwhile, Lagos ($94M), Enugu ($33.6) and Osun State ($14.6M) leads as 16 states and the FCT reduced their external debt figure between June 2023 and December 2024. Other states are Oyo, Akwa Ibom, Ondo, FCT, Benue, Gombe, Bayelsa, Adamawa, Jigawa, Delta, while Yobe, Kogi and Anambra states recorded the least increment figure.
Nigerian Army has announced a major reshuffle of its senior leadership, with the appointment of…
President Bola Tinubu on Friday signed the National Identity Management Commission (NIMC) Act 2026 into…
...varsity reacts Students of Osun State University, UNIOSUN, have staged a protest at the institution’s…
The Corps Commander of the Osun Amotekun Corps, High Chief Dr. Hon. Adekunle Isaac Omoyele,…
President Bola Tinubu has appointed Dr Obi Adigwe as the National Coordinator of the newly…
A group of Osogbo indigenes, Oroki United Front, has called on the Ataoja of Osogbo,…