• About
  • Advertise
  • Privacy & Policy
  • Contact
KorrectNews
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Science
    • Transportation
    Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

    Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

    Why I Can’t Accept Chairmanship of PDP Gov Forum — Makinde

    Omirinde congratulates Makinde on his poll victory and credits Okere for his great impact.

    Old Ifedapo SDP declares support for APC’s Folarin.

    Old Ifedapo SDP declares support for APC’s Folarin.

    Okere is strongly behind us—APC Deputy Governor Candidate

    Okere is strongly behind us—APC Deputy Governor Candidate

    Cash, Fuel Scarcity: Oke-Ogun Group Calls For Calm

    Cash, Fuel Scarcity: Oke-Ogun Group Calls For Calm

    The Great Club of Oke-Ogun donates Food items to the Special School.

    The Great Club of Oke-Ogun donates Food items to the Special School.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Entertainment
    • Gadget
    Full List: Wizkid, Others Win at Headies 2022

    Full List: Wizkid, Others Win at Headies 2022

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    Full List: Wizkid, Others Win at Headies 2022

    Full List: Wizkid, Others Win at Headies 2022

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

  • Lifestyle
    • All
    • Celebrity
    • Fashion
    • Health
    Omirinde celebrates Makinde at 55, prays for unending blessings.

    Omirinde celebrates Makinde at 55, prays for unending blessings.

    Group Fetes Bash On 62nd Birthday

    Group Fetes Bash On 62nd Birthday

    Bike man and motorcycle swept off by overflooded Moro River

    Bike man and motorcycle swept off by overflooded Moro River

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    2023: Ministers With Political Ambitions Must Resign – Buhari

    FG Partners WHO on Health Security in Nigeria

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Science
    • Transportation
    Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

    Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

    Why I Can’t Accept Chairmanship of PDP Gov Forum — Makinde

    Omirinde congratulates Makinde on his poll victory and credits Okere for his great impact.

    Old Ifedapo SDP declares support for APC’s Folarin.

    Old Ifedapo SDP declares support for APC’s Folarin.

    Okere is strongly behind us—APC Deputy Governor Candidate

    Okere is strongly behind us—APC Deputy Governor Candidate

    Cash, Fuel Scarcity: Oke-Ogun Group Calls For Calm

    Cash, Fuel Scarcity: Oke-Ogun Group Calls For Calm

    The Great Club of Oke-Ogun donates Food items to the Special School.

    The Great Club of Oke-Ogun donates Food items to the Special School.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Entertainment
    • Gadget
    Full List: Wizkid, Others Win at Headies 2022

    Full List: Wizkid, Others Win at Headies 2022

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    Full List: Wizkid, Others Win at Headies 2022

    Full List: Wizkid, Others Win at Headies 2022

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    BBNaija: Dotun Emerges HOH, Picks Daniella as Deputy

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Why I and Other Yoruba Actors are Supporting Tinubu – Jide Kosoko

    Headies: Portable apologises, insists on getting awards

    Headies: Portable apologises, insists on getting awards

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Full List: Wizkid, Davido Get 2022 Headies Nominations

    Why I cannot marry a second wife – Bovi

    Why I cannot marry a second wife – Bovi

  • Lifestyle
    • All
    • Celebrity
    • Fashion
    • Health
    Omirinde celebrates Makinde at 55, prays for unending blessings.

    Omirinde celebrates Makinde at 55, prays for unending blessings.

    Group Fetes Bash On 62nd Birthday

    Group Fetes Bash On 62nd Birthday

    Bike man and motorcycle swept off by overflooded Moro River

    Bike man and motorcycle swept off by overflooded Moro River

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    Malaria: Korrectnews Sensitize, Treat Old Ifedapo Indigenes.

    2023: Ministers With Political Ambitions Must Resign – Buhari

    FG Partners WHO on Health Security in Nigeria

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review
    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Kaduna train attack: Buhari meets service chiefs, directs security surveillance implementation

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

    Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

No Result
View All Result
KorrectNews
No Result
View All Result
Home Review

Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO

Fatiu Hamzat by Fatiu Hamzat
March 22, 2022
in Review
0
Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021–DMO
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021.

While sub-national domestic debt stock was N4.46tn, the sub-national external debt stock was N1.97tn in 2021.

Lagos, Ogun and Rivers became the three most indebted states, according to the latest data from the Debt Management Office.

The N4.46tn domestic debt represents 11.27 per cent of the country’s domestic debt stock of N23.70tn as of December 2021, up from N20.21tn in the previous year.

Lagos, Ogun, Rivers, Akwa Ibom, and Imo emerged as the top five debtors, with a combined domestic debt stock of about N1.56tn.

The five states account for 34.98 per cent of the total domestic debt owed by the sub-national governments in the country as of December 31, 2021.

Lagos owed N658.96bn, Ogun N232.62bn, Rivers N225.51bn, Akwa Ibom N214.61bn, and Imo N205.19bn as of Q4 2021.

However, according to the DMO, the domestic debt stock figures for Rivers State were as at September 30, 2021. This also applies to Benue, Enugu, and Kano.

Other states with high domestic debts include Cross River, with a debt of N159.82bn; Delta, N154.61bn; Bayelsa, N154.61bn; Plateau, N150.5bn; Oyo, N142.56bn; and Osun, N134.70bn.

Others are Benue, with a domestic debt stock of N128.35bn; Kano, N111.9bn; Zamfara, N99.94bn; Adamawa, N99.55bn Bauchi, N97.51bn; Borno, N95.63bn; Abia, N95.21bn; Kwara, N93.37bn; and Taraba, N93.18bn.

The states with the least domestic debt stocks include Jigawa, with a debt of N31.36bn; Ebonyi, N42.16bn; FCT, N50.65bn; Kebbi, N52.33bn; Nasarawa, N54.1bn; Anambra, N55.72bn; and Kaduna, N61.71bn; Enugu, N69.17bn; and Gombe, N69.13bn.

Others are Kogi, N70.66bn; Sokoto, N71.29bn; Edo, N78.9bn; Niger, N83.4bn; and Yobe, N82.46bn.

In foreign debt, Lagos leads with $1.33bn; followed by Kaduna $595.12m; Cross River $279.71m and  Edo State $276.3m.

Tags: DMOLagosOgunoyoRivers
Previous Post

50m Igbos will bury PDP if Atiku gets 2023 presidential ticket – Ohanaeze youths

Next Post

ASUU, FG Crisis Affecting Graduates’ Competence – Barewa Old Boys

Fatiu Hamzat

Fatiu Hamzat

Next Post
How ASUU strike exposed students to robbery, kidnapping in 2021 – Ebonyi lawmaker

ASUU, FG Crisis Affecting Graduates’ Competence – Barewa Old Boys

Leave a Reply Cancel reply

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

Stay Connected test

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Olubadan is Dead

Olubadan is Dead

January 2, 2022
Politician, Activists Grace IVSSU Ultramodern Bus Stop Commission.

Saki Elephant :Okere rejects bribe from Omirinde, UI – Group Alleged.

March 4, 2022
In Saki, Thugs Loyal To Reps Aspirant, Adamawa, Allegedly Attack Councilors For Not Supporting Their Boss

In Saki, Thugs Loyal To Reps Aspirant, Adamawa, Allegedly Attack Councilors For Not Supporting Their Boss

May 6, 2022
Buhari announces Date for Oyo North Police Recruitment Screening.

Saki Ritual Killings: We don’t shoot neither kill any. – Police.

March 7, 2022
ARIDUNNU FAMILY SENSITIZE PUBLICS ON PVC REGISTRATION.

ARIDUNNU FAMILY SENSITIZE PUBLICS ON PVC REGISTRATION.

3
Let’s Nurture The Nature So That We Have a Better Future – Aridunnu Family.

Let’s Nurture The Nature So That We Have a Better Future – Aridunnu Family.

2

3SC vs Heartland: Saki Born footballer,Raheem Nafiu Scores his first NPFL goal.

2
Saki Potholes: Chairman needs to work as Kàkàko junction-003 leads with 440 major potholes.

Saki Potholes: Chairman needs to work as Kàkàko junction-003 leads with 440 major potholes.

1
Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

March 22, 2023
Why I Can’t Accept Chairmanship of PDP Gov Forum — Makinde

Omirinde congratulates Makinde on his poll victory and credits Okere for his great impact.

March 20, 2023
JUST IN: Labour House of Rep Candidate, Hon. SAMLAD Declares Supports for Makinde Re-election Bid

JUST IN: Labour House of Rep Candidate, Hon. SAMLAD Declares Supports for Makinde Re-election Bid

March 11, 2023
Old Ifedapo SDP declares support for APC’s Folarin.

Old Ifedapo SDP declares support for APC’s Folarin.

March 8, 2023

Recent News

Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

March 22, 2023
Why I Can’t Accept Chairmanship of PDP Gov Forum — Makinde

Omirinde congratulates Makinde on his poll victory and credits Okere for his great impact.

March 20, 2023
JUST IN: Labour House of Rep Candidate, Hon. SAMLAD Declares Supports for Makinde Re-election Bid

JUST IN: Labour House of Rep Candidate, Hon. SAMLAD Declares Supports for Makinde Re-election Bid

March 11, 2023
Old Ifedapo SDP declares support for APC’s Folarin.

Old Ifedapo SDP declares support for APC’s Folarin.

March 8, 2023
KorrectNews

We bring you the best Premium updates to your finger tips.

Follow Us

Browse by Category

  • Business
  • Celebrity
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Review
  • Science
  • Security
  • Social Media
  • Sports
  • Transportation
  • Transportation
  • Travel
  • Uncategorized

Recent News

Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

Iseyin Born OAP, MC Freedom Bags Best Sport Presenter of the Year

March 22, 2023
Why I Can’t Accept Chairmanship of PDP Gov Forum — Makinde

Omirinde congratulates Makinde on his poll victory and credits Okere for his great impact.

March 20, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 Korrect News.

No Result
View All Result

© 2023 Korrect News.