Data emerging from StatiSense reveal that Kogi State government is leading in the reduction of domestic debts owed by various state governments in Nigeria as at the end September 30, 2020.
StatiSense is a data consulting firm with expertise in providing data services such as analytics, research, reporting and training.
According to the statistics, Kogi State government through the leadership of Governor Yahaya Bello was able to reduce the state debt from a cumulative N132.5 billion in 2019 to N84.9 billion to N73,314,904,696.35 according to Debt Management Office (DMO) domestic debt data as at September 30, 2020.
The well detailed data showed that Kogi State government under the stewardship of Governor Yahaya Bello through a well-structured fiscal policy and prudence management of the state’s scarce resources reduced the state domestic debts by N59.15 billion.
The StatiSense analysis further reveals that Katsina State government followed with a reduction of N21.75 billion, the FCT N17.94 billion, Edo State N17.75 billion, Ekiti State N9.84 billion, Plateau State N7 billion, Kaduna N6.39 billion, Kaduna State N6.39 billion, Imo State N6.26 billion, Ebonyi State N5.46 billion, Bauchi State N5.13 billion, Osun State N3.76 billion, Cross River State N2.85 billion.
Others are Nasarawa State by N4.79 billion, Ondo N4.70 billion, Delta N1.97 billion, Akwa Ibom N1.87 billion, Jigawa N1.43 billion, Enugu N1.41 billion, Sokoto N379.3 million, Kwara N320.3 million, and Yobe N253.5 million.
The statistical data also reveal that while some of the state governments were battling with the reduction of their state debt profiles, others were still busy accumulating more as Lagos State topped the chat with Increased Local Debt Profile since December 2019 to September 30, 2020, with an addition of N49.09 billion to its already existing local debt profile.
Lagos State government was closely followed by Taraba State with an increment of N40.43 billion, Benue State N29.77 billion, Anambra State N25.10 billion, Abia State N20.86 billion. Others are Adamawa State N14.48 billion, Kano State N9.25 billion, Zamfara State N8.45 billion, Oyo State N8.38 billion, Ogun State N7.80 billion, and Borno State N6.77 billion.
