Taraba Emerged 'Least Indebted' State In Nigeria, Lagos Hits Highest

Taraba State is the least indebted state of all the 36 states in Nigeria in both external and domestic debts with N7.780billion  in 2018, the latest report by the Economic Confidential has shown.  Lagos State is number one among the highly indebted states in Nigeria with N1.043 trillion.


The states on the list of least indebted states in the external debt stock areTaraba $21.611m (N7.780bn),  Borno $21.618m (N7.782bn), and Yobe $27.486m (N9.895bn).
Others were Plateau and Kogi with $28.874m (N10.394bn) and $31.584m (N11.370bn), respectively.

In the publication’s Annual High Indebted States (AHIS) report on 2018 External and Domestic Debts, the amount owed by Lagos represents about 20 percent of the total debts owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion in 2018.

Other highly indebted states for the external debt stock included Edo, Kaduna, Cross River and Bauchi with $276.25m (N99.45bn), $227.25m (N81.81bn), $188.77m (N67.95bn) and $133.93m (N48.21bn) respectively.
The report further shows that outside Lagos, other highly indebted states for foreign debt are Rivers with N253.772 billion, Delta with N251.589 billion, Cross River with N235.914 billion and Akwa Ibom with N215.099 billion.