Here
are details on the Domestic Debt Stock by all Nigerian states as at December
2015 and the sad reality is, most of them have nothing to show for it.
First of all, Domestic or Internal debt is
the amount of money raised by the Government, in local currency and from its
own residents.
Generally, domestic debt consists of two categories, which are Bank and
Non-Bank borrowing.
Put differently,it is also defined as
debt denominated in local currency.
The management of domestic debt in Nigeria
has hitherto been conducted by the Central Bank of Nigeria (CBN) through the
issuance of government debt instruments, which consisted of:
• Nigerian Treasury Bills
• Nigerian Treasury Certificates
• Federal Government Development Stocks
• Treasury Bonds
• Ways and Means Advances.
• Nigerian Treasury Certificates
• Federal Government Development Stocks
• Treasury Bonds
• Ways and Means Advances.
Now to what the states owe;
Abia – N33.5bn
Adamawa – N47.2bn
Akwa Ibom – N147.6bn
Anambra – N3.6bn
Bauchi – N57.6bn
Bayelsa – N103.3bn
Benue – N39.9bn
Borno – N22.3bn
Cross River – N115.5bn
Delta – N320.6bn
Ebonyi – N34.1bn
Edo – N46.2bn
Ekiti – N52.5bn
Enugu – N37.55bn
Gombe – N53.4bn
Imo – N71.7bn
Jigawa – N22.1bn
Kaduna – N49.8bn
Kano – N65bn
Katsina – N11.49bn
Kebbi – N63.7bn
Kogi – N42bn
Kwara – N31.9bn
Lagos – N218.5bn
Nasarawa – N40.5bn
Niger – N21.5bn
Ogun – N75.9bn
Ondo – N26.6bn
Osun – N144.6bn
oyo – N47.4bn
Plateau – N96.2bn
Rivers – N134.9bn
Sokoto – N11.6bn
Taraba – N27.6bn
Yobe – N3.8bn
Zamfara – N46.2bn
Adamawa – N47.2bn
Akwa Ibom – N147.6bn
Anambra – N3.6bn
Bauchi – N57.6bn
Bayelsa – N103.3bn
Benue – N39.9bn
Borno – N22.3bn
Cross River – N115.5bn
Delta – N320.6bn
Ebonyi – N34.1bn
Edo – N46.2bn
Ekiti – N52.5bn
Enugu – N37.55bn
Gombe – N53.4bn
Imo – N71.7bn
Jigawa – N22.1bn
Kaduna – N49.8bn
Kano – N65bn
Katsina – N11.49bn
Kebbi – N63.7bn
Kogi – N42bn
Kwara – N31.9bn
Lagos – N218.5bn
Nasarawa – N40.5bn
Niger – N21.5bn
Ogun – N75.9bn
Ondo – N26.6bn
Osun – N144.6bn
oyo – N47.4bn
Plateau – N96.2bn
Rivers – N134.9bn
Sokoto – N11.6bn
Taraba – N27.6bn
Yobe – N3.8bn
Zamfara – N46.2bn
Domestic
debt stock increased by N848.08bn from N1.655tn in 2014 to N2.503tn in 2015.
Highest Jump in Domestic Debt stock
(2014 to 2015)
Delta – N108.6bn increase
Osun – N106.8bn increase
Akwa Ibom – N65.81bn
Delta – N108.6bn increase
Osun – N106.8bn increase
Akwa Ibom – N65.81bn
Reduction in domestic debt stock 2015
Lagos – N49.5bn reduction from 2014
Niger – N1.9bn reduction from 2014
Lagos – N49.5bn reduction from 2014
Niger – N1.9bn reduction from 2014
Only Lagos and Niger states had
reductions in total domestic debt stock in 2015
SCARY NUMBERS
Katsina state had 1,859% increase in domestic
debt stock
2014 – N586m
2015 – N11.4bn
2015 – N11.4bn
Jigawa state had a 1314% increase in domestic
debt stock
2014 – N1.5bn
2015 – N22.1bn
2015 – N22.1bn
Ebonyi state had a 391% increase in domestic
debt stock
2014 – N6.9bn
2015 – N34.1bn
2015 – N34.1bn
Nigeria’s Public Debt stock
Ext Debt stock (FG+states) – N2.11tn
Domestic (FG) – N8.83tn
Domestic (States) – N2.5tn
Domestic (FG) – N8.83tn
Domestic (States) – N2.5tn
Total – N13.45tn
Source: Informationng
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