Politics Top 5 Most Indebited States in Nigeria


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ProfRem

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The DMO was established on 4th October, 2000 to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by a myriad of establishments in an uncoordinated fashion. This diffused debt management strategy led to inefficiencies.

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According to recent figures released by the Debt Management Office, Lagos has the worst external debt profile out of Nigeria’s 36 states.

1. Lagos State - $1.087 billion

2. Kaduna State - $234 million

3. Cross River State - $131.469 million

4. Edo - $123 million

5. Ogun - $109 million

- Debt Management Office, 2015
 
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