See where your state ranks in growing debts

September 22, 2017

States in the Federal Republic of Nigeria have a total local debt of about N3 trillion as at June 2017 compared to N1.2 trillion in December 2011.

In a little under 7 years, our states have grown their local debt by a whopping 16% annually (using compounded annual growth rate).

The table below provides a list of all the states and their local debt profile from December 2011 compared to the most recent data of June 2017. On the extreme right is the compounded annual growth rate (CAGR) for each state. CAGR annualized the rise in debt of each state over the 7 year period.

Table of growth in debts

States	Year 2011	Year 2017	CAGR %
Abia	24,202,240,000.00	53,525,312,006.52	14.00
Adamawa	25,954,200,000.00	62,157,535,395.46	16.00
Akwa Ibom	41,253,910,000.00	155,431,513,524.27	25.00
Anambra	6,403,320,000.00	3,993,892,365.13	-8.00
Bauchi	18,345,730,000.00	69,988,356,863.98	25.00
Bayelsa	162,822,650,000.00	140,177,083,911.42	-2.00
Benue	16,631,140,000.00	63,526,706,066.01	25.00
Borno	1,684,560,000.00	30,929,430,222.10	62.00
Cross River	90,750,050,000.00	128,142,093,128.98	6.00
Delta	90,843,570,000.00	241,231,439,060.79	18.00
Ebonyi	40,239,940,000.00	28,057,144,823.57	-6.00
Edo	39,044,300,000.00	45,091,949,113.97	2.00
Ekiti	23,667,510,000.00	85,049,678,107.89	24.00
Enugu	10,887,170,000.00	48,417,542,411.95	28.00
FCT	85,563,890,000.00	152,804,609,025.30	10.00
Gombe	7,170,420,000.00	48,312,227,448.91	37.00
Imo	25,419,400,000.00	93,267,764,679.14	24.00
Jigawa	1,590,540,000.00	23,089,259,246.84	56.00
Kaduna	34,771,710,000.00	63,276,471,968.43	10.00
Kano	5,867,290,000.00	93,715,181,155.05	59.00
Katsina	2,059,880,000.00	22,251,914,749.63	49.00
Kebbi	7,291,050,000.00	57,902,880,330.07	41.00
Kogi	34,122,120,000.00	71,381,258,449.39	13.00
Kwara	25,254,470,000.00	38,136,723,517.24	7.00
Lagos	157,536,160,000.00	311,755,801,825.04	12.00
Nassarawa	5,336,060,000.00	59,033,751,798.50	49.00
Niger	16,975,510,000.00	31,984,093,598.83	11.00
Ogun	30,143,970,000.00	75,921,433,395.59	17.00
Ondo	48,369,860,000.00	53,159,719,890.95	2.00
Osun	5,463,640,000.00	147,069,973,626.49	73.00
Oyo	4,808,390,000.00	115,886,553,198.89	70.00
Plateau	20,908,120,000.00	110,340,669,344.38	32.00
Rivers	83,978,390,000.00	142,424,091,344.00	9.00
Sokoto	4,902,050,000.00	22,450,254,651.14	29.00
Taraba	17,974,660,000.00	38,868,702,728.14	14.00
Yobe	2,088,400,000.00	13,581,297,872.19	37.00
Zamfara	12,968,380,000.00	58,321,024,470.39	28.00

SOURCE

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See where your state ranks in growing debts

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