Lagos Tops As States Debt Stocks Exceeded Revenues- FRC

As the nation’s debt profile continues to be alarming, we take a further analysis of states’ debt stock.

#OnOurRadar today, we present an analysis of the states’ debt-to-revenue profile where Lagos takes the lead among states whose debt stock exceed revenues.

Contrary to the guidelines by the Debt Management Office, we discovered that all states’ debt stocks exceeded 50% of their revenue.

What are your thoughts on the poor debt management of states in Nigeria?

#YMonitor
#FiscalDiscipline
#DebtProfile