States Owe N5.3tn as Twelve Governors Near Exit
Twelve outgoing Nigerian state governors will leave behind an aggregate debt mountain of roughly N5.3tn as their constitutional tenures expire in 2027 and early 2028. Official records from the Debt Management Office show that these twelve subnational administrations held N2.16tn in local obligations by the first quarter of 2026, alongside $2.33bn in foreign loans. The…