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Business Top 10 Indebted States In Nigeria 2016


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The Nigeria Extractive Industries Transparency Initiative, NEITI, in its latest Quarterly Review of the Federation Accounts Allocation Committee (FAAC) published the debts of Nigerian states in 2016.

According to the report, Lagos state has the highest debt.

Lagos State had the highest debt of N603.25 billion of all Nigerian states in 2016, as against its revenue of N410.5billion.

  1. Lagos - N603.25bn
  2. Delta - 331.95bn
  3. Osun - 165.59bn
  4. Akwa Ibom - 161.23bn
  5. Cross River - 153.54bn
  6. Rivers - 147.98bn
  7. Bayelsa - 113.69bn
  8. Kaduna - 110.39bn
  9. Plateau - 104.06bn
  10. Ogun - 103.75bn


 

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