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DMO pegs domestic debt at N2.9m
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DMO pegs domestic debt at N2.9m

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Debt Management Office of Nigeria has pegged the total domestic debt profile of 36 states of the federation as at December 31, 2016 at N2.9 trillion

According to latest data by the DMO, Lagos State has the largest debt profile, accounting for 10.5 per cent of the total debt with N311 billion, followed by Delta State which has a domestic debt profile of N241 billion.

Local debt profile of Akwa Ibom State, according to data stood at N155 billion as at June 31, 2016.

While Anambra State had the least with N3.9 billion and Yobe state which had a local debt of N13 billion as at December 31, 2016.

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