Enugu Achieves 52.73% Domestic Debt Reduction in 2026

In the first half of 2026, four Nigerian states (Enugu, Jigawa, Ondo, and Zamfara) achieved significant reductions in their domestic debt stocks, each cutting their debts by over 20%. Enugu led with a remarkable 52.73% reduction, decreasing its debt from N157.60 billion in December 2025 to N74.51 billion by June 2026, a decline of N83.10 billion.

Jigawa followed with a 34.71% reduction, bringing its debt down to N1.04 billion from N1.60 billion. Ondo's debt fell by 26.82%, from N8.42 billion to N6.16 billion, while Zamfara recorded a 20.86% reduction, decreasing its debt from N57.04 billion to N45.14 billion.

The combined domestic debt stock of these four states was N126.85 billion in June 2026, down from N224.66 billion in December 2025, marking a total reduction of 43.53% or N97.81 billion. The reductions were primarily driven by Enugu's substantial cuts, particularly in the second quarter of 2026.