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36 States Pay 2.85b External Debt in April

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By Samuel Oyejola

 

THE 36 states of the federation paid a total of N2.85 billion in external debt in April 2018, according to the National Bureau of Statistics.

 

The debt was deducted from the April 2018 disbursement of the Federation Account Allocation Committee (FAAC).

 

Time Nigeria findings shows that Lagos state paid N847, 844,680.25, the highest, followed by Kaduna with N187,188,131.13.

 

The 36 states owe an external debt of $4,083,406,802.03. Lagos state remains the highest debtor with over $1.4b. The state according to the Debt Management Office owes a total of $238,279,089.98, as at December 2017.

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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