former Lagos State governors, Ambode, Fashola who did well in construction
<h4>Lagos Debt Peaks At N797.30b In Q2</h4>
<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that Lagos records highest figure as Nigeria&#8217;s public debt stock skyrockets to N42.84 trillion in Q2 of 2022<br />
Lagos state recorded the highest as Nigeria&#8217;s public debt stock increased from N35.46 trillion in the second quarter of 2021 to N42.84 trillion in the corresponding period in 2022.<br />
The National Bureau of Statistics (NBS), made this disclosure on Wednesday during its Domestic and Foreign Debt Report for Q2 2021 to Q2 2022.<br />
The NBS disclosed that external debt stood at N13.71 trillion in the second quarter of 2021 and jumped to N16.61 trillion in the second quarter of 2022.<br />
Also, the domestic debt stood at N21.75 trillion in<a href="https://www.google.com/"> Q2 2021 but catapulted to N26.23 trillion in Q2 2022.</a><br />
The state-by-state analysis put Lagos State&#8217;s highest domestic debt at N797.30 billion in Q2 2021, Delta with the figure of N378.87 billion came second, followed by Ogun at N241.78 billion.<br />
On the other hand, Jigawa got N45.13 billion, representing the lowest, followed by Ebonyi and Kebbi at N59.11 billion and N60.41 billion, respectively.<br />
It added that Lagos State also recorded the highest external debt stock of $1.27 billion in the second quarter of 2022, followed by Kaduna State at $586.77 million and Edo at $268.31 million.<br />
However, the report added that &#8220;the lowest external debt stock was recorded in Borno at $18.69 million, followed by Taraba and Yobe at $22.28 million and $23.09 million, respectively.&#8221;</p>
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