Nigerian States Pay N21.62 Billion As External Debt Deductions In Q1 2022

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Thirty-six states of the federation parted with a sum of N21.62 billion; as external debt deductions in the first quarter of 2022.

This is an increase of 31.5% from N16.44 billion deducted in the corresponding period of 2021.

A total of N2.18 trillion was shared amongst the different levels of government and various revenue-generating units between January and March 2022.

Lagos, Kaduna, and Cross River recorded the highest deductions in the review period; with N7.27 billion, N2.26 billion, and N1.36 billion deducted respectively in Q1 2022.

– Nairametrics

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