Governors to Leave N5.3tn Debt Burden by 2028

Findings by The PUNCH indicate that twelve state governors whose tenures will conclude in 2027 and early 2028 are expected to leave a total debt burden of about N5.3 trillion, which includes both domestic and external obligations. The governors involved are Umaru Fintiri of Adamawa, Mai Mala Buni of Yobe, Abdullahi Sule of Nasarawa, AbdulRahman AbdulRazaq of Kwara, Dapo Abiodun of Ogun, Inuwa Yahaya of Gombe, Bala Mohammed of Bauchi, Babajide Sanwo-Olu of Lagos, Babagana Zulum of Borno, Seyi Makinde of Oyo, Hope Uzodimma of Imo, and Douye Diri of Bayelsa.

This significant financial liability raises concerns about the fiscal health of the states as these governors prepare to exit office.