The total domestic debt of all 36 states of the federation and the Federal Capital Territory (FCT) rose from ₦3.87 trillion in the first quarter of 2025 to ₦3.96 trillion in the second quarter. According to data from the Debt Management Office (DMO), this shows a difference of ₦94.79 billion, or 2.45%. However, in comparison with the corresponding quarter in 2024, the states’ total domestic debt dropped by 7.1% from ₦4.27 trillion. Analysis of sub-national domestic debt profiles since the inception of this administration in 2023 shows more of a…
Read MoreStates’ domestic debt rises by ₦94.79bn in 3 months – DMO
