Nigeria’s State Govt debts burden hits N3.3trn in 2016 – NEITI

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A fuel station attendant dispenses kerosene at a Nigerian National Petroleum Corporation (NNPC) mega petrol station in Abuja January 23, 2015. The NNPC commenced sale of kerosene cooking fuel, which a majority of Nigerians depend on for cooking, at a reduced pump price of $0.27 per litre nationwide at all NNPC outlets. REUTERS/ Afolabi Sotunde (NIGERIA - Tags: ENERGY BUSINESS) - RTR4MO8Q

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the debt burden of the 36 states of the federation rose to over N3.342 trillion as of 2016.
Lagos, Delta, Osun and Akwa Ibom topped the debt chart, with a total debt profile of N1.262 trillion representing about 38% of debts owed by the 36 states of the federation.
The break down shows that Lagos was indebted to the tune of N603.25 billion, Delta, N331.95 billion, while Osun and Akwa Ibom are owing N165.91 billion and N161.23 billion respectively.
This information was contained in the third edition of NEITI Quarterly Review, summarised in a statement by Ogbonnaya Orji, NEITI director of information.
The publication with facts and data from the National Bureau of Statistics (NBS), Office of the Accountant General of the Federation, FAAC and Debt Management Office (DMO), is consistent with the mandate of NEITI on monitoring of fiscal allocation and statutory disbursement of revenues due to the three tiers of government.
NEITI’s legitimate interest in the debt profiles, revenue generation and management in Nigeria is as a result of the fact that over 70 percent of the revenues involved are derived from the extractive industry.
The review shows that Yobe and Anambra states have the least debt burden of N11.74 billion and N20.60 billion respectively as at the end of 2016.
The NEITI publication also expressed concern that the total indebtedness of N3.342 trillion by the 36 states represented 55.15 percent of the 2016 budget of N6.06 trillion and 45.8 per cent of the 2017 budget estimates of about N7.3 trillion.

States
Total FAAC (N’billion)
IGR (N’billion)
Total Revenue (N’billion)
Total Debt Burden (N’billion)
Lagos
109.31
301.19
410.5
603.25
Delta
97.88
44.89
142.78
331.95
Osun
31.5
8.96
40.46
165.91
Akwa Ibom
116.64
16.59
133.24
161.23
Cross River
33.55
13.54
47.09
153.54
Rivers
103.98
82.1
186.08
147.98
Bayelsa
87.73
7.41
95.14
113.69
Kaduna
44.16
15.5
59.65
110.39
Plateau
34.86
9.09
43.95
104.06
Ogun
32.62
56.3
88.92
103.75
Edo
37.33
20.68
58.01
94.54
Imo
38.12
5.43
43.55
88.06
Bauchi
39.73
5.39
45.13
83.78
Kano
55.32
34.46
89.78
81.05
Kebbi
34.95
3.13
38.08
76.83
Adamawa
33.48
7.59
41.06
67.93
Ekiti
30.18
2.39
32.57
67.29
Oyo
40.59
15.66
56.25
65.59
Gombe
31.41
3.57
34.98
63.89
Enugu
34.15
12.67
46.82
57.56
Zamfara
33.47
4.21
37.67
55.71
Nassarawa
30.4
2.09
32.5
55.63
Kogi
36.56
7.73
44.28
51.05
Benue
37.6
8.89
46.48
49.15
Ebonyi
30.09
11.03
41.13
46.05
Kwara
30.08
16.46
46.54
45.38
Abia
34.33
13.35
47.68
44.93
Ondo
47.79
7.78
55.57
40.54
Taraba
31.82
4.11
35.92
33.83
Niger
39.28
5.76
45.03
33.13
Jigawa
37.54
3.34
40.88
30.96
Katsina
41.62
5.51
47.13
30.03
Borno
40.46
2.52
42.98
28.22
Sokoto
36.54
6.22
42.77
22.9
Anambra
34.35
14.79
49.15
20.6
Yobe
32.65
3.8
36.45
11.74

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