Story highlights Nigerian states have experienced a 122% increase in external debt servicing in the first six months of 2024, reaching N139.92 billion compared to N63.06 billion in 2023. This surge reflects heightened borrowing costs amid currency depreciation, significantly impacting subnational expenditure and fiscal health. Kaduna and Lagos states pay the highest external debt
Nigerian states spend N139.92 billion servicing external debt in first six months of 2024
