Sokoto State is leading other states in the country with N38.44billion debt in 2021, while Lagos and Niger states have N25.03billion and N12.48billion debts respectively.

Lagos and Niger are thus the second and third in debts' accumulation log between January to June 2021, according to the figures released by the National Bureau of Statistics (NBS).

File photo used to illustrate story.

According to a private data-consulting agency, Statisense, other states with new debts under the period under review are Akwa Ibom with N11.46billion and Kano with N10.72billion.

Other states that are below 10 billion naira debts include Katsina, Bayelsa, Yobe, Zamfara, Ogun and Jigawa with N7.30billion, N6.48billion, N5.36billion, N3.34billion, N2.08billion and N1.63billion respectively.

The data also revealed that other states such as Kogi incurred N861.82million, Benue with N799.93million, Enugu has N626.92million, Ekiti has N612.27million and Kwara has N31.95million.

However, the report showed the internally generated revenues (IGR) of the affected states with Sokoto, having N8.41billion, Lagos with N267.2billion, Niger with N7.93billion, Akwa Ibom has N18.09billion and Kano with N15.05billion.

Also, the IGRs of Katsina, Bayelsa, Yobe, Zamfara, Jigawa and Ogun are; N7.49billion, N6.42billion, N4.03billion, N8.40billion, N54.82billion and N8.66 respectively.

Kogi, Benue, Enugu, Ekiti and Kwara have N9.33billion, N10,46billion, N14.14billion, N6.59billion and N15.98billion respectively.   

Consequently, in the period of the first six months in the year 2021, the North-West region has the largest debts accumulation of N61.44billion, South-West comes next by incurring N27.72billion, South-South is the third with N17.94billion, North-Central has borrowed N14.17billion, North-East has incurred N5.36billion and South-East has the lowest debts of N626.9million. 

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