DMO Ranks Borno Lowest in Foreign Debt, as Bauchi has $133.69 million

0

Share and Enjoy !

0Shares
0 0

 

In its last reports, Nigeria’s Debt Management Office (DMO) released debt profiles of all the 36 states and the federal capital territory (Abuja), with Borno emerging the state with lowest amount of debt nationwide.

According to the DMO report released at the end of June, 2021, Borno was followed by Taraba, Yobe and the FCT in owing the least amount of foreign debts.

Borno owes $16.70 million, Taraba- $20. 59 million, Yobe- $25.81 million and the FCT- $29.45 million, the DMO reports (see table below).

On the other hand, the report showed Lagos, Kaduna and Edo in that order, with the highest external debt profiles.

Lagos owes $1.38 billion, Kaduna- $559.50 million, and Edo-$ 281.47 million, Cross River- $184.60 million, Bauchi-$133.69 million, Enugu-$124.22 million and Adamawa- $116.49 million. Remaining states owe ranges of around $100m to $29 million each.

The DMO report indicated that Nigeria has an external debt stock of $33.46b equivalent to N13.8tr, where federal government owes $28.91b while the 36 states and the FCT owe a combine amount of $4.55b as external debt.

1,656 Views

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Adamawa Planning Commission Advocates Improved MDAs Linkages and Influence.

0

Share and Enjoy !

0Shares
0 0

By Tasi’u Hassan To boost efficiency and productivity among government agencies in Adamawa State, the State Planning Commission, has organized a one day workshop on Network Map to key Ministries, Departments and Agencies, MDAs. Executive Chairman of the Planning Commission, Dr. Mary Paninga, had during the workshop at the commission’s conference hall, lamented poor understanding […]

Read More
News

Adamawa: Nigerian Legion Corps of Commissionaires Calls for Support, Arms to Enhance Security Services.

0

Share and Enjoy !

0Shares
0 0

By Tasi’u Hassan The Adamawa State Command of the Nigerian Legion Corps of Commissionaires has called for the provision of equipment to effectively complement the efforts of security agencies in tackling crimes and criminal activities in the state. The Nigerian Legion Corps of Commissionaires, which is an auxiliary arm of the Nigerian Legion, conducts several […]

Read More
News

Adamawa Government Moves To Join States With GDP.

0

Share and Enjoy !

0Shares
0 0

Tasi’u Hassan Adamawa State policymakers have taken a significant step towards computing the state Gross Domestic Product (GDP). During a one day sensitization workshop on state Gross Domestic Product organized by the Adamawa State Planning Commission in collaboration with the State Bureau of Statistics, the policy makers pledged to work with relevant stakeholders towards having […]

Read More