We took a look at the data from the Debt Management Office to see how the different states have been handling their debt, and the initial results show that borrowing by the state governments and the Federal Capital Territory in Nigeria has been increasing at an average annual rate of 10.2%.
The rate is faster than the national GDP growth over the same period and some states have been borrowing more than others, with Borno, Osun, Nassarawa, Kano and Jigawa leading the way.
