Analysis of the Debt Profile of Nigerian States

Analysis into the domestic debt profile of the 36 states and FCT shows that Lagos state with total debt of N444.23 billion has the highest domestic debt stock outstanding among the states and this represents 10.82% of the total domestic debt stock. Lagos, Abuja and Port Harcourt in combined have total debt worth 19.92% of the total domestic debt stock of the 36 states and the FCT. Of the top 10 states based on debt, only Lagos, Ogun, Rivers, Akwa-Ibom and Delta states are among the top 10 states based on 2019 Internally IGR.

Download Data on Impact of External Debt on Economic Growth

In the excel file below, nominal GDP data was used as a proxy to measure economic growth and this serves as the independent variable. Multilateral Debt, Paris Club Debt, London Club Debt, Promissory Notes and other debts are used as proxy to measure external debt and they are the independent variables. All the data were […]

Demystifying Nigeria’s Conscious Attempt to Keep a Low Debt Profile as Debt Servicing Becomes Worrisome

This research compares the Nigeria’s debt figures with global thresholds as well as with the key debt management framework of the Debt Management Office so as to know the debt path of the country going forward.

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