Top 10 Nigerian states with the lowest domestic debt as of Q1 2025
The Debt Management Office (DMO) reported that the ten Nigerian states with the lowest domestic debt as of Q1 2025 collectively owed a total of N1.01 trillion. Jigawa emerged as the state with the lowest debt in the federation, with its debt decreasing from N1.03 trillion in Q1 2024 to N1.01 trillion in Q1 2025.
Other states such as Anambra, Borno, and Kaduna also saw reductions in their debt profiles during this period. The DMO's latest report highlighted a reshuffling of Nigeria's debt landscape, influenced by fiscal constraints and a shift from oil revenue to tighter federal allocations.
Anambra State, for example, reduced its domestic debt stock from N1.04 trillion in Q1 2024 to N1.01 trillion in Q1 2025, attributing it to a conservative borrowing policy and attracting direct investments in various sectors. In March 2025, Anambra.
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