12 STATES REEL UNDER 1.2TRILLION NAIRA DEBT BURDEN

Twelve states where there was a change of government recently are reeling under heavy debt burden amounting to over N2tr, Daily Trust investigations have shown. Analysis of official data from Debt Management Office (DMO), National Bureau of Statistics (NBS), and various reports of transitional committees revealed that the debt increased under the immediate past governments in the states. Findings by this newspaper revealed that some of the debts were not captured in the DMO and NBS official data, suggesting the figure may be more. For instance, the DMO data did…

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