Details of domestic debts owed by Nigerian States as at Dec. 2015

Here are points of interest on the Domestic Debt of all the Nigerian states as at December 2015 and the truth is, the greater part of them have nothing to appear for it.

Most importantly, Domestic or Internal obligation is the measure of cash raised by the Government, in nearby money and from its own particular inhabitants. For the most part, local obligation comprises of two classes, which are Bank and Non-Bank acquiring.

Put differently, it is likewise characterized as obligation named in neighborhood coin. The administration of local obligation in Nigeria has until now been directed by the Central Bank of Nigeria (CBN) through the issuance of government obligation instruments, which comprised of:

- Nigerian Treasury Bills

- Nigerian Treasury Certificates

- Federal Government Development Stocks

- Treasury Bonds

- Ways and Means Advances.

Presently, showing below, is what these Nigerian states owe;

Abia – N33.5bn

Adamawa – N47.2bn

Akwa Ibom – N147.6bn

Anambra – N3.6bn

Bauchi – N57.6bn

Bayelsa – N103.3bn

Benue – N39.9bn

Borno – N22.3bn

Cross River – N115.5bn

Delta – N320.6bn

Ebonyi – N34.1bn

Edo – N46.2bn

Ekiti – N52.5bn

Enugu – N37.55bn

Gombe – N53.4bn

Imo – N71.7bn

Jigawa – N22.1bn

Kaduna – N49.8bn

Kano – N65bn

Katsina – N11.49bn

Kebbi – N63.7bn

Kogi – N42bn

Kwara – N31.9bn

Lagos – N218.5bn

Nasarawa – N40.5bn

Niger – N21.5bn

Ogun – N75.9bn

Ondo – N26.6bn

Osun – N144.6bn

oyo – N47.4bn

Level – N96.2bn

Waterways – N134.9bn

Sokoto – N11.6bn

Taraba – N27.6bn

Yobe – N3.8bn

Zamfara – N46.2bn

Local obligation stock expanded by N848.08bn from N1.655tn in 2014 to N2.503tn in 2015.

Most noteworthy Jump in Domestic Debt stock (2014 to 2015)

Delta – N108.6bn increment

Osun – N106.8bn increment

Akwa Ibom – N65.81bn

Lessening in local obligation stock 2015

Lagos – N49.5bn lessening from 2014

Niger – N1.9bn lessening from 2014

Just Lagos and Niger states had diminishments in all out residential obligation stock in 2015

Unnerving NUMBERS

Katsina state had 1,859% expansion in local obligation stock

2014 – N586m

2015 – N11.4bn

Jigawa state had a 1314% expansion in household obligation stock

2014 – N1.5bn

2015 – N22.1bn

Ebonyi state had a 391% expansion in household obligation stock

2014 – N6.9bn

2015 – N34.1bn

Nigeria's Public Debt stock

Ext Debt stock (FG+states) – N2.11tn

Local (FG) – N8.83tn

Local (States) – N2.5tn

All out – N13.45tn