DMO: Highly indebted states
* As FG spends $597m on external debt service Lagos State government topped the list of highly indebted states in the country, with N797.3 billion of the N5.281 trillion owed by the sub-nationals as at June 30, 2022. Data from the Debt Management Office, DMO, indicated that Delta, Ogun and Rivers followed Lagos with N378.878 billion, N241.782 billion and N225.505 billion respectively. Other highly indebted states included Imo, N210.394 billion; Akwa Ibom, N203.951 billion; Cross River, N176.086 billion; Oyo, N159.906 billion; Bayelsa N150.430 billion; Plateau N144.608 billion; Benue N143.547 billion; Bauchi, N129.207 billion; Kano N125.186 billion; and Gombe N123. 608 billion. Conversely, Jigawa had the least debt of N45.135 billion, followed by Ebonyi and Kebbi with N59.171 billion and N60.417 billion, respectively. The rest states and their indebtedness are Ondo, N62.270 billion; Kastina N66.675 billion; Anambra N72.429 billion; Nassarawa, N72.965 billion; Kaduna N78.194 b...