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See the Nigerian states with the most external debts

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The Economic Confidential, has ranked Lagos State as the number one highly indebted states in Nigeria, according to its latest report

The Economic Confidential has ranked Lagos State as the number one highly indebted states in Nigeria, according to its latest report.

Coming top on the list, Lagos had a total of N1.043 trillion in 2018. According to the ranking, Lagos has N513,514,416,769.20 as external debt and N 530,243,773,934.40 as domestic debt, bringing the total debt to N1,043,758,190,703. 60.

The Economic Confidential researchers on the Annual High Indebted States (AHIS) on External and Domestic Debts said that as of 2018: “the amount owed by Lagos State represents about twenty (20) percent of the total debts owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion in 2018.”

In its recently published report, the Economic Confidential said that many states cannot survive without federation allocations — As it detailed each states’ revenue generation profile in comparison to their federal allocations.

After Lagos, states like Edo, Kaduna, Cross River and Bauchi followed as front runners in the highly indebted states in the country.

The external debt stock include Edo, Kaduna, Cross River and Bauchi with $276.25m (N99.45bn), $227.25m (N81.81bn), $188.77m (N67.95bn), and $133.93m (N48.21bn) respectively.

“Investigations further reveal that among the first five highly indebted states in the local debt stock saw Lagos emerging tops with N530.243 billion, followed by Delta state with N228.805 billion, Rivers with N225.592 billion, Akwa Ibom state with N198.663 billion and Cross River with N167.955 billion.

“Outside Lagos state that is leading the pack, Rivers state is second with N253.772 billion, Delta comes to the third position with N251.589 billion, followed by Cross River in the fourth position with N235.914 billion and the fifth position was grabbed by Akwa Ibom with N215.099 billion,” according to the ranking.

While the Federal Capital Territory’s external debt for 2018 stands at $31.848 million (N11.465bn) while the domestic debt is N164.245bn and totalling its external and domestic debts to N175.710bn.

Taraba state has a debt of $21.611m (N7.780bn), Borno has a debt of $21.618m(N7.782bn), while Yobe state debt stands at $27.486m(N9.895bn) made the list of least indebted states in the external debt stock.

“Two states of Plateau and Kogi from North Central Nigeria have external debt stock of $28.874m (N10.394bn) and $31.584m (N11.370bn) respectively.

“Of the 36 states of the federation, five (5) states account for the lowest in both domestic and external debts. They are Yobe, Jigawa, Sokoto, Katsina, and Niger.

“Yobe state has a total of N37.667 billion, Jigawa N46.586 billion, Sokoto with N52.723 billion, while Katsina and Niger states have N53.220 billion and N63.915 billion respectively.”

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Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

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Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

Boko Haram

Nigeria has been ranked as the third most terrorized country in the world according to a 2020 report by the Global Terrorism Index (GTI).

The report which was released on Wednesday, ranked Nigeria third only behind war-torn countries of Afghanistan and Iraq.

According to the GTI report, Nigeria witnessed an increase in Boko Haram attacks in the period under review, witnessing her worst terrorist attack in 2019 in northeastern Borno State, where at least 70 people were killed and 10 others wounded when insurgents attacked at a funeral.

Also Read: Presidency Clears Air On N150,000 Monthly Payment To Repentant Boko Haram Members

“Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019,” the report said.

However, the report recognized that terror-related incidents in the country fell by 27% in the same period due to a significant reduction in violence attributed to killer herdsmen.

“This reduction occurred despite a small increase in deaths attributed to Boko Haram, which has been the most active terrorist group in the country over the past decade. Deaths from terrorism in Nigeria are now 83 percent lower than at
their peak in 2014.”

 

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Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter

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Nigeria's Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Communications minister, Isa Pantami

Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.

The Minister took to his Twitter account on Monday night to announce this sad news.

Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.

Also Read: Gunmen Evict NIDCOM Staff From Office On Minister’s Order

The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.

“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”

 

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

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Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

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