Lagos borrows over N126bn in three months, DMO releases other States’ figures

-


The Lagos State Government has borrowed over N126 billion domestically in the last quarter of 2021, the Debt Management Office (DMO) has said.

According to a report released by the DMO, Lagos, whose domestic debt stood at N532.12 billion as of September 30, 2021, is now owing N658.95 billion as at the end of December, 2021.

This represents an increase of N126.83 billion in the last three months of the year 2021, according to the DMO.

DAILY POST observed that Lagos is the State with the highest domestic debt figure as of the time under review.

Ogun State comes second with a total of N232.62 billion debt as of December.

BUSINESS

Domestic debt: Lagos borrows over N126bn in three months, DMO releases other States’ figures

Published

 

on

 March 21, 2022

By

 

The Lagos State Government has borrowed over N126 billion domestically in the last quarter of 2021, the Debt Management Office (DMO) has said.

According to a report released by the DMO, Lagos, whose domestic debt stood at N532.12 billion as of September 30, 2021, is now owing N658.95 billion as at the end of December, 2021.

This represents an increase of N126.83 billion in the last three months of the year 2021, according to the DMO.

DAILY POST observed that Lagos is the State with the highest domestic debt figure as of the time under review.

Ogun State comes second with a total of N232.62 billion debt as of December.

Ogun’s debt profile rose from N192.41 billion to N232.62 within three months, making a debt increase of N40 billion.

Rivers State is the third with N225.50 billion, even as the State’s domestic debt reduced by about N850million.

At the moment, Akwa Ibom State debt stands at N214.60 billion, from N234.85 billion in September.

In Imo State, the domestic debt soared from N151.31 to N205.18; being an increase of N53.87 from October to December, 2021.

While Cross River owes N159.81 billion, Bayelsa, Delta and Plateau are owing N154.613bn, N154.61 billion and N150.49 billion respectively.


Comments

Post a Comment

What do you think??

Top #10 Most Read

Meet Lil Miquela, The Robot That Is Almost Human

-
Image
Miquela Sousa, widely known as Lil Miquela, is a 19-year-old worldwide pop star who was named one of TIME Magazine's "25 Most Influential People on the Internet" – and she's not human. She's a robot. Miquela is a singer, change agent, and fashion visionary who originated as a laboratory product of the renowned firm, Cain Intelligence. Her new bosses (and robo-family), Los Angeles-based software business Brud, thought she deserved a better existence and reprogrammed her to have human-level consciousness. Miquela from Downey, California, the half-Brazilian, half-Spanish Taurus chasing her music aspirations in Los Angeles, became Miquela with her new and better mainframe. She's interviewed J Balvin at Coachella, hung out with Rosalia and Rico Nasty, pushed for the immigrant non-profit RAICES, and featured in a film with Bella Hadid. Her style has also piqued the interest of the fashion industry, prompting her to walk the red carpet at the CFDA Awards and model fo...
Read More...

September 4th 2022 | RCCG THANKSGIVING SERVICE- FULL VIDEO

-
Image
Watch September 4th 2022 | RCCG THANKSGIVING SERVICE #CovenantKeepingGod​ #RCCGSpecialService​​ #PastorEAAdeboye​ ​ WATCH NOW Happy New RCCG Year!!! This new year, God will give us complete restoration and grant us new beginnings in every area of our lives. God will give you a fresh start of blessings, breakthrough, miracles, testimonies, signs and wonders in Jesus Name. The covenant keeping God will fulfill all His promises concerning you in Jesus Name.September 2022 Holy Ghost Service #CovenantKeepingGod
Read More...

How to Watch BTS’ Seoul Concert in Theaters

-
Image
Find tickets for Saturday's "BTS Permission to Dance on Stage – Seoul" in a theater near you. By  Heran Mamo   Share this article on Facebook Share this article on Twitter Share this article on Tumblr Share this article on Pinit + additional share options added Jimin, Jungkook, RM, J-Hope, V, Jin, SUGA at a public appearance for BTS Live Interview on the NBC Today Show on February 21, 2020 in New York, NY. CJ Rivera/Everett Collection PRODUCT RECOMMENDATIONS 03/11/2022 How to Watch BTS’ Seoul Concert in Theaters Find tickets for Saturday's "BTS Permission to Dance on Stage – Seoul" in a theater near you. By  Heran Mamo   Share this article on Facebook Share this article on Twitter Share this article on Tumblr Share this article on Pinit + additional share options added Jimin, Jungkook, RM, J-Hope, V, Jin, SUGA at a public appearance for BTS Live Interview on the NBC Today Show on February 21, 2020 in New York, NY. CJ Rivera/Everett Collection All products an...
Read More...

Warmer autumns could spell bad news for butterflies, suggests study

-
Image
Credit: Unsplash/CC0 Public Domain New research finds that longer and warmer autumns make it less likely that green-veined white butterflies will survive winter to emerge in spring. The findings are published in the British Ecological Society journal,  Functional Ecology . warmer and longer autumn conditions lost more weight and used more energy than those exposed to milder conditions. Although the butterflies didn't die immediately under the more elevated conditions, the researchers found that those that experienced them were less likely to survive to adulthood the following spring. Dr. Matthew Nielsen at the University of Oulu, who conducted the research at Stockholm University, said: "Climate change is making autumns warmer and last longer, and it was this specific combination of conditions that had the greatest impact on the butterflies in our study. We show that stressful conditions experienced at one time of year can have lasting  negative consequences  at other tim...
Read More...

First Stream: New Music From Kane Brown, NAV, Ari Lennox and More

-
Image
First Stream: New Music From Kane Brown, NAV, Ari Lennox and More Check out the must-hear releases of the week. By Ekene Obi Billboard’s  First Stream  serves as a handy guide to this Friday’s most essential releases — the key music that everyone will be talking about today, and that will be dominating playlists this weekend and beyond. This week, Kane Brown is back in the saddle, NAV throws a swanky party and Ari Lennox fully arrives. Check out all of this week’s First Stream picks below: Kane Brown,  Different Man  Consistency has always been key for Kane Brown, a country music A-lister who, despite having not released a proper full-length since 2018’s chart-topping  Experiment , has been a steady presence as a singles artist and collaborator since arriving on the scene six years ago. The 17-song new album  Different Man  goes down as smoothly as his most sumptuous past work, with a straight-ahead country bent following some genre detours...
Read More...

A Lesbian Couple got people talking after they posted a picture getting married

-
Image
Nothing beats finding the right person to spend the rest of your life with. With that being said, a lady recently took to social media a picture getting married to her partner. The lady wrote on her caption, "Got married today". There were mixed reactions on the comments. Some congratulated them on their new journey of marriage. There were individuals who mentioned how beautiful their traditional outfits were. Others couldn't help but notice that the lady's partner was covering her face when the picture was taken. This made people wonder if she was hiding from someone or just posing. There's a lot that people had to say, see more reactions down below; Marriage is a  formal union between two individuals that unites their lives legally, economically, and emotionally . Share your thoughts on the comment section, what do you think about the picture and people's reactions overall? Like, share and leave a comment Sources Wikipedia Twitter.com Source link https://en....
Read More...

‘I used my own share for post UTME’ – Yahoo boy confesses

-
Image
A 19-year-old suspected internet fraudster, Emmanuel David has confessed that he used the proceeds of his internet fraud scam to pay for his post-University Matriculation Test Examination expenses. David, who was nabbed by the Osun State Police Command, alongside two other teenagers, Chibuike Godspower, 16, and Jesse Izedi, 16, also claimed that he was caught in his first deal worth N315,000. Emmanuel disclosed that he withdrew the money from the online Union-direct account of his Facebook friend, who operated a Point Of Sales, POS terminal. According to him, “The victim has a Union bank account, but being a POS operator, he also has a Union direct account, hence, I moved the money from the account to Godspower’s online account after Jedi guessed the victim’s password. “I used the money to travel to Calabar in Cross River State for my post-UTME in February this year and also paid for my accommodation from the proceeds.” Meanwhile, one of his accomplices said he was given N10,000 from t...
Read More...

Cristiano Ronaldo before joining Real Madrid

-
Image
Photo credit: mirror.co.uk Football fans often say that Cristiano Ronaldo is nothing without Karim Benzema, or that he owes Karim Benzema for his successful career, and the French striker's career was slowed down because of Cristiano Ronaldo. Cristiano Ronaldo before joining Real Madrid (Karim Benzema). He has 112 goals and 68 assists to his name with 297 appearances for Manchester United. That is 180 goals and assists. When he left Real Madrid (Karim Benzema) for Juventus, the five-time Ballon d'Or award winner had 101 goals and 22 assists for the Old Ladies of Italy. That is 132 goals plus assists in 134 appearances. Cristiano Ronaldo of the Portugal National Team has 115 goals in 186 appearances. This season with Manchester United, the 37-year-old attacker has 24 goals and 3 assists to his name, making a total number of 352 goals scored by the Portuguese star without Karim Benzema. Ronaldo has 450 goals with Real Madrid, of which only 32 were assisted by Karim Benzema, so th...
Read More...

I Just Got A Call That I Should Stop Sending Poor People To Go And Study Overseas - Pastor Chinyere

-
Image
The popular Nigerian Pastor and founder of Omega Power Ministries, Pastor Chibuzor Gift Chinyere had said he received an international call, not too long ago, that he should stop sponsoring poor children to overseas for scholarships. He took to his social media page to make this known. The popular philanthropist and Pastor said, he got a call from an international number that he should stop sending people to go and study overseas. When he asked the caller why made such statement, he said the caller replied that " the overseas University are meant for the rich and now making it easy for the poor". Pastor Chinyere said he replied the caller that, henceforth, he will be sending 100 more children to study abroad. He said further that the caller got angry and off the phone. Below is the screenshot of Pastor Chinyere's tweet on the subject matter above. Indeed, " na waooo for the big people outside there who don't want the gap between the rich and poor to be bridged....
Read More...