{"id":1781,"date":"2026-08-11T11:06:58","date_gmt":"2026-08-11T11:06:58","guid":{"rendered":"https:\/\/kufmtv.net\/?p=1781"},"modified":"2026-08-11T11:07:08","modified_gmt":"2026-08-11T11:07:08","slug":"debt-management-office-sys-three-states-account-for-43-of-nigerias-n4-52-trillion-states-debt","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/08\/11\/debt-management-office-sys-three-states-account-for-43-of-nigerias-n4-52-trillion-states-debt\/","title":{"rendered":"DEBT MANAGEMENT OFFICE SYS THREE STATES ACCOUNT FOR 43% OF NIGERIA\u2019S N4.52 TRILLION STATES\u2019 DEBT"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Lagos, the Federal Capital Territory (FCT) and Rivers State accounted for more than 43% of the N4.52 trillion domestic debt owed by Nigeria\u2019s 36 states and the FCT as of March 31st , 2026.<\/p>\n\n\n\n

This is according to the first-quarter 2026 domestic debt data released by the Debt Management Office (DMO).<\/p>\n\n\n\n

Combined, the three states had a domestic debt of N1.96 trillion naira , representing 43.27% of the total N4.52 trillion naira debt stock in Q1 2026.<\/p>\n\n\n\n

The figures show a wide variation in the domestic debt stock across the states, with Lagos alone accounting for more than a quarter of the total.<\/p>\n\n\n\n

According to the DMO, Lagos had the highest domestic debt stock at N1.21 trillion, representing about 26.6% of the combined total.<\/p>\n\n\n\n

The FCT followed with N389.88 billion, while Rivers State had N362.43 billion.
Delta State recorded N213.85 billion naira , followed by Ogun State with N200.75 billion.
At the lower end, Jigawa had the smallest domestic debt stock at N1.60 billion naira , followed by Ondo at N7.31 billion and Anambra at N9.62 billion.
The figures highlight the concentration of domestic debt among a relatively small number of states, with the five largest debtors accounting for a substantial share of the combined stock.
Several states recorded debt stocks below N20 billion. These included Ebonyi at N12.30 billion, Katsina at N12.69 billion and Kebbi at N14.58 billion.<\/p>\n\n\n\n

The combined domestic debt stock of the states and FCT increased by N163.25 billion, or about 3.7%, between December 2025 and March 2026.<\/p>\n\n\n\n

The increase was driven by changes across individual states, with the FCT recording the largest rise during the period. Its debt stock increased from N188.86 billion in December 2025 to N389.88 billion naira in March 2026.<\/p>\n\n\n\n

Edo also recorded a significant increase, with its debt stock rising from N91.18 billion naira to N172.37 billion naira.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lagos, the Federal Capital Territory (FCT) and Rivers State accounted for more than 43% of the N4.52 trillion domestic debt 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News<\/a>","rttpg_excerpt":"Lagos, the Federal Capital Territory (FCT) and Rivers State accounted for more than 43% of the N4.52 trillion domestic debt 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