State Debt Mounts: Lagos, Edo Exceed ₦100,000 Per Capita

    Ruth Okwumbu-Imafidon | Top Stories | Oct 28, 2025    
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Despite ongoing fiscal tightening, Nigeria’s states are piling up more debt on their citizens. Fresh data from BudgIT’s latest State of States report shows that average debt per capita rose slightly from ₦40,469 in 2023 to ₦41,766 in 2024, underscoring the growing strain on state finances and public resources.

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