The Nigerian Debt Management Office has released the current Debt situation of Various states, as against the 2012 figures posted by Hope For Nigeria released two weeks.Regrettably, some state debts have increased to between 20% to 50% in one year.State With High Debt Figures:: 1] Lagos (APC) $856.53 million (From $611Million in 2012), 2] Kaduna (PDP) $225.617 million. 3] Ogun (APC) $105.922 Million. 4] Oyo (APC) $74.376 million 5] Katsina (PDP) $72.527 million 6] Bauchi (PDP) $66.033 Million 7] Osun (APC) $62.341 million =========================== States With Low Debt Figures:: 1] Adamawa, $29.808million 2] Benue (PDP) $29.032 million 3] Bayelsa (PDP) $27.677 million 4] Anambra (APGA) $27.312 million 5] Plateau (PDP) $21.93 million 6] Delta (PDP) $18.85 million. 7] Borno (APC) $14.34million. Experts are projecting that it may take Lagos state about 89 years to pay up all its external debts and this is three generation of Lagosians.Cross River State is among the few states that some of their debt can be traced to project, example are the construction of Tinapa Business and Leisure Resort, as well as the Cable Car in Obudu Mountain Resort under the administration of former Governor Donald Duke.ASK Your Governors, What they Used These Loans for?
Posted on: Tue, 13 Aug 2013 21:50:04 +0000
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