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NIGERIAN STATES
Nigeria’s ten least indebted states owed a combined total of N191.8 billion in domestic debts in Q1 2025, according to the Debt Management Office (DMO).
Nigerian states have witnessed a significant surge in their external debt servicing obligations, marking a 123% increase in the first four months of 2024 compared to the same period in 2023.
This article by Nairametrics highlights the top 10 states with the highest water transport fares in April 2024 according to the National Bureau of Statistics (NBS) Transport Fare Watch for April 2024.
The Cost of a Healthy Diet (CoHD), serving as a vital measure of physical and economic access to nutritious diets, has surged to N1,035 per adult per day nationally in April 2024.
The cost of living in Nigeria continues to rise, with April 2024 Consumer Price Index (CPI) data showing a consistent increase in inflation rates across both all items and food, affecting the daily lives of people in states, as evidenced by the data from the top 10 most expensive states.
In March 2024, Nigeria’s inflation rate increased to 33.20% from 31.70% recorded in February 2024. However, food inflation for the month under review clocked 40.01% from 37.92% recorded in the previous month.
The Debt Management Office (DMO) recently disclosed the total external debt stock of the 36 states and the Federal Capital Territory (FCT) reached $4.61 billion by December 31, 2023, from $4.46 billion recorded in the previous year.