Amid concerns over rising debts service costs, states have been working to decrease their debts stock. In Q1 2024, states’ total domestic debts dropped by 31% from N5.86 trillion in Q4 2023 to N4.07 trillion and by 26% from N5.48 trillion in Q1 2023.
Browsing: State govts
The states, which include Benue, Cross Rivers, Katsina, Niger, Plateau, Rivers, Zamfara, and the Federal Capital Territory, got N115.57 billion from domestic creditors, while the governors of Ebonyi, Kaduna, Kano, Niger, Plateau, Sokoto, Taraba, and Zamfara states borrowed $125.1 million (N111.24 billion) from external sources.