Here’s how much each Nigerian state is owing

August 30, 2018 5:11 PM

Nigeria’s external debt stock currently stands at $22 billion, according to the latest DMO figures.

Nigeria’s external

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Out of the figure, the central government's debt is $17.8 billion, while the combined debt portfolio of the states and the Federal Capital Territory (FCT) stands at $4.28 billion.

Business Insider Sub-Saharan Africa looks at the DMO document and here is the amount each state is owing:

Patience Oniha, the Director-General, Debt Management Office (DMO) had said the rise in total debt stock was recorded after the government issued a $2.5 billion Eurobond in February 2018.

In April, Kemi Adeosun, Nigeria's finance minister, said the country's public debt level is under control and sustainable.

She said the government will keep monitoring and analysing its debt levels at every stage so that they don’t fall into the trap that most African States had fallen into.