• Kaduna, Edo, Lagos named most indebted states in Nigeria

    Kaduna, Edo, Lagos named most indebted states in Nigeria

    Kaduna, Edo, Lagos have been named as the most indebted states of the federation with a combined profile of $1.84bn.

    According to statistics from the Debt Management Office in Abuja on Wednesday, the 36 states of the federation and the Federal Capital Territory owe $3.65bn in foreign debts as against the $7.61bn owed by the Federal Government as of June 30, 2016; bringing the country’s total foreign debt to $11.26bn.

    Lagos, which is the nation’s commercial hub, retained its topmost position as […]