Four states of the federation — Lagos, Edo, Kaduna and Cross River — dominate the list of sub-national governments indebted to foreign bodies, statistics obtained from the Debt Management Office, has shown
Analysis of the DMO data show that the four states have combined foreign debt of $2.12bn, out of the $4.23bn owed by the 36 states of the federation and the Federal Capital Territory Administration as of December 31, 2018.
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Analysis of the DMO data show that the four states have combined foreign debt of $2.12bn, out of the $4.23bn owed by the 36 states of the federation and the Federal Capital Territory Administration as of December 31, 2018.
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