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According to the figures released by the Debt Management Office, DMO, Enugu State domestic debt now stand at a whooping sum of N55.44bn from N6.95bn it was in 2014.

This represents a geometric increase of the debt profile by 804% between December 2014 to March, 2019.

Lagos State, Nigeria’s richest state remained the biggest debtor in the country, accumulating as at March this year N542 billion in domestic debt.

The figures which were published by the Debt Management Office on Wednesday showed two oil rich states of Rivers and Delta state in a fight to finish for the second position with Rivers having Nigeria’s second biggest domestic debt figure at N225.6 billion while her rival, Delta State followed with N223.4 billion debt.

Akwa Ibom, also an oil state, is in the fourth position at N199.7 billion. They are followed by Cross River with N167.2 billion.

Federal Capital Territory, which depends on funds from the Federal Government is sixth with N163.5 billion. Osun has a debt burden of N147 billion, Bayelsa N133.3 billion, Kano N121.3 billion and Ekiti N118 billion.

The least indebted state in Nigeria is Yobe with N26.9 billion.

A breakdown of the entire country debt profile is presented in the image below;

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