Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • Shake Up In NIMASA: Directors, others Moved

      Oct 21, 2025
      0
    • IMO Secretary General, Ministry Officials, Stakeholders Commend MAN, Oron

      Oct 17, 2025
      0
    • Maritime Academy: Embracing Change, Striving For Global Excellence

      Oct 15, 2025
      0
    • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

      Oct 11, 2025
      0
    • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

      Oct 10, 2025
      0
    • "Abuja Critical To Growing Non-Oil Revenue"-Dantsoho

      Oct 10, 2025
      0
    • Lagos Govt Revolutionalizes Water Transportation With Omi Eko Launch

      Oct 9, 2025
      0
    • Customer Service Week: NIMASA Commits To Excellence in Service

      Oct 8, 2025
      0
    • IMO Secretary General Visits Nigeria, Dazed By Facilities

      Oct 2, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • Shake Up In NIMASA: Directors, others Moved

  • IMO Secretary General, Ministry Officials, Stakeholders Commend MAN, Oron

  • Maritime Academy: Embracing Change, Striving For Global Excellence

  • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

  • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

FeaturedNews
Home›Featured›Four States Owing Over $2b

Four States Owing Over $2b

By Editor
Apr 8, 2019
1199
0
Share:

Out of the $4.23bn National Debts

Four states of the federation — Lagos, Edo, Kaduna and Cross River — dominate the list of sub-national governments indebted to foreign bodies, statistics obtained from the Debt Management Office, has shown.

Analysis of the DMO data show that the four states have combined foreign debt of $2.12bn, out of the $4.23bn owed by the 36 states of the federation and the Federal Capital Territory Administration as of December 31, 2018.

This means that the four states hold more than half of the foreign debt owed by the sub-national governments. Precisely, the four states owed 50.08 per cent of the sub-national foreign debt.

Expectedly, Lagos is on top of the list with a foreign debt portfolio of $1.43bn which represents 33.81 per cent of the foreign sub-national debt portfolio. Lagos is followed by Edo State with a foreign debt portfolio of $276.25m representing 6.53 per cent of the sub-national foreign debt portfolio.

Following Edo is Kaduna State with a foreign debt portfolio of $227.25m representing 5.37 per cent of the country’s sub-national foreign debt as of December 31, 2018. Cross River State completes the list of the top four on the foreign debt with a portfolio of $188.77m representing 4.46 per cent of the sub-national foreign debt portfolio.

Other top debtors in the foreign debt category include Bauchi $133.93m; Enugu $126.18m; Anambra 107.04m; Ekiti $106.21m; Oyo $105m; Ogun $103.26m; Osun $99.08m; Abia 98.58m and  Adamawa $97.79m.

As of December 31, 2018, the country’s total external debt stood at $25.27bn. This means that the sub-national governments held 16.74 per cent of the country’s external debt. This leaves the Federal Government with a total external debt portfolio of $21.04bn representing 83.26 per cent.

On the domestic scene, Lagos is also the most indebted state of the federation with a total domestic debt portfolio of N530.24bn. It is followed by Delta and Rivers states with domestic debt portfolios of N228.81bn and N225.59m, respectively.

Other highly indebted sub-national governments (in terms of domestic debts) include Cross River N167.96bn; FCT N164.25bn; Ekiti N118.01m; Kano N117.08bn; Plateau N100.37bn and Imo N98.78bn.

The sub-national governments (the 36 state governments and the FCT administration) owe N3.85tn in domestic debt.

This represents 23.15 per cent of the country’s domestic debt portfolio of N16. 63tn, leaving the Federal Government with N12.77tn representing 76.84 per cent of the domestic debt portfolio.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

UN List Nigerians as World Hungriest

Next Article

World Bank Rates Nigerian Economy Low

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    PPP: ICRC Commend NPA

    May 22, 2017
    By Editor
  • News

    WACT: “Council’s Approval Within Industry Benchmark”-NSC

    Apr 1, 2025
    By Editor
  • News

    EXTORTION: A Menace On Ports Corridors, NPA Laments

    Jul 25, 2023
    By Editor
  • InterviewsNews

    IPAC Raises Alarm on 2019 Polls

    Nov 27, 2018
    By Editor
  • FeaturedNews

    Port operations: NPPM Advisory Committee meets Jime

    Nov 3, 2021
    By Editor
  • FeaturedMaritime InfoOne Question

    New JTF Commander Spits Fire

    Apr 7, 2019
    By Editor

Leave a Reply Cancel reply

  • FeaturedNews

    Ndera Nnadi: Boots and Brain In the Theatre of Operations

  • News

    NIMASA Initiatives

  • News

    Massive Recruitment Fraud In MDAs

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

Shake Up In NIMASA: Directors, others Moved

  The Nigerian Maritime Administration and Safety Agency, NIMASA has announced a major redeployment of its management team as 56 senior staff staff and others are affected nationwide. Mobereola, said ...
  • IMO Secretary General, Ministry Officials, Stakeholders Commend MAN, Oron

    By Editor
    Oct 17, 2025
  • Maritime Academy: Embracing Change, Striving For Global Excellence

    By Editor
    Oct 15, 2025
  • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

    By Editor
    Oct 11, 2025
  • NSW PROJECT: Customs Calls For Collaboration

    By Editor
    Oct 10, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved