In its public debt report released last week, the debt figures represented year-on-year growth of 12.25% from $70.99 billion in 2017.
Analysis of the data shows that state governments, including the nation's capital, Abuja, owed foreign and local lenders $14.34 billion (N5.15 trillion ), representing 22% of the total public debt in 2018.
A further breakdown of the debt figures showed that external debt at state levels amounted to N1.25 trillion while domestic debt accrued to N3.85 trillion.
Here are the most indebted states in Nigeria to foreign bodies in 2018:
- Foreign: $1.43 billion
- Domestic: N530.24 billion
- Foreign $276.25 million
- Domestic: N86.8 billion
- Foreign: $227.25 million
- Domestic: N84.6 billion
- Foreign: $188.77 million
- Domestic: N167.9 billion
- Foreign: $133.93 million
- Domestic: N92.3 billion
- Foreign: $126.18m
- Domestic: N55 billion
- Foreign: $107.04 million
- Domestic: N33.4 billion.
Here are the most indebted states in Nigeria to domestic lenders in 2018:
- Domestic: N530.24 billion
- Domestic debt data: N228 billion
- Domestic debt data: N225 billion
- Domestic debt data: N198.6 billion
- Domestic debt data: N167.9 billion
- Domestic debt data: N164.2 billion
- Domestic debt data: 148.1 billion