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Jigawa, Ondo, Anambra record lowest debt-to-IGR ratios in 2025

States with relatively strong internally generated revenue (IGR) and modest debt stocks recorded the lowest debt-to-IGR ratios in 2025, with Jigawa, Ondo and Anambra occupying the top three positions.

  • Jigawa recorded the lowest Debt-to-IGR ratio at 2.40% in 2025
  • Anambra had a ratio of 20.25%, benefiting from a strong commercial ecosystem
  • Kwara had the highest ratio at 66.06%, indicating significant debt burden

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