State Domestic Debt Report: Abia Leads the Way in Debt Reduction

A recent report by #TheCableIndex has revealed significant changes in state domestic debt over the past year. According to the report, Abia State has recorded the highest debt reduction, with a staggering 57.20% decrease.



The top 202 states with reduced debt are:


1. Abia (-57.20%)

2. Jigawa (-48.82%)

3. Kogi (-47.12%)

4. Katsina (-38.89%)

5. Delta (-38.87%)

6. FCT (-34.99%)

7. Borno (-31.98%)

8. Bayelsa (-28.77%)

9. Ondo (-28.25%)

10. Cross River (-26.29%)


*States with Increased Debt*


On the other hand, Taraba State has recorded the highest increase in debt, with a 154.1% rise.


1. Taraba (154.08%)

2. Enugu (128.46%)

3. Niger (67.02%)

4. Rivers (56.68%)

5. Bauchi (31.38%)


What does this mean for the states?


The significant reduction in debt for some states could be a sign of improved fiscal management and responsible borrowing practices. On the other hand, the increase in debt for other states could lead to financial strain and difficulties in meeting debt obligations.


*Share your thoughts*


What do you think about the state domestic debt report? Do you think the states with reduced debt are managing their finances effectively? Share your comments below!

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