Lagos, Rivers dominate Nigeria’s subnational debt

Nigeria’s debt-to-GDP seen falling to 39.8%, first time in more than a decade

Lagos, Rivers, and eight other states now control the lion’s share of both domestic and external debt, highlighting a growing divide between fiscally strong states and their marginal peers. Amid mounting public debt pressures across Nigeria, the fiscal squeeze is no longer confined to the federal

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```