Despite ongoing fiscal tightening, Nigeria’s states are piling up more debt on their citizens. Fresh data from BudgIT’s latest State of States report shows that average debt per capita rose slightly from ₦40,469 in 2023 to ₦41,766 in 2024, underscoring the growing strain on state finances and public resources.
The report titled “A Decade of Subnational Fiscal Analysis: Growth, Decline and Middling Perfomance" was launched on Tuesday in Abuja.
According to the report, 12 states—including Lagos, Edo, Kaduna, and Cross River – exceeded the n
