Economy
Osun 3rd the List Of States With Highest Debt Profile in Nigeria
Osun State is the third on the list of states with highest debt profile in Nigeria, according to a report published by the Nigeria Extractive Industries Transparency Initiative (NIETI).
NIETI said Osun’s debt profile has increased to N165.91 billion in 2016.
On rising debt profile, the case of Osun, Cross River and Delta states raised major concerns given the fact that their total borrowings were found by the NEITI publication to be more than double the total revenues accruing to the states.
Lagos State had the highest debt of N603.25 billion of all Nigerian states in 2016, as against its revenue of N410.5billion.
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