Lagos Tops as Subnational Debt Climbs to N4.36tn in 2025

Thewillnews | 21-04-2026 03:56am |

April 20, (THEWILL) — Nigeria’s subnational debt burden rose significantly in 2025, with the combined liabilities of the 36 states and the Federal Capital Territory (FCT) reaching N4.36 trillion, underscoring mounting fiscal pressures at the state level. Latest data released by the Debt Management Office (DMO) shows that total debt increased from N3.97 trillion in

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