Business
Lagos State Leads Nigeria in Debt, Owing N1.22 Trillion and $1.17 Billion
Lagos State has been identified as Nigeria's most indebted state, with a combined domestic debt of N1.22 trillion and an external debt of $1.17 billion as of the fourth quarter of 2025, according to the National Bureau of Statistics (NBS). The total national debt also saw an increase during the same period.