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Lagos debt hits N1.043trn in 2018

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Lagos State, South West Nigeria, has emerged as the number one among the Highly Indebted States in Nigeria in both external and domestic debts with N1.043 trillion in 2018, in the latest report by the Economic Confidential.

While the external debt stock of Lagos amounts to N513.514 billion, the local debt stock settled at N530.243 billion.
Highly indebted states

In a meticulous investigation just concluded by a team of Economic Confidential researchers on Annual High Indebted States (AHIS) on External and Domestic Debt, the amount owed by Lagos State represents about twenty (20) percent of the total debts owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion in 2018.

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