Enugu leads as 4 states cut domestic debt by over 20% in H1 2026
Four Nigerian states recorded more than 20% reductions in their domestic debt stocks in the first half of 2026, led by Enugu, which cut its debt by more than half during the period. The post Enugu leads as 4 states cut domestic debt by over 20% in H1 2026 appeared first on Nairametrics .
Four Nigerian states reduced their domestic debt by more than 20% in the first half of 2026, with Enugu leading the charge at a whopping 52.73% reduction. The Debt Management Office (DMO) data reveals that Enugu, Jigawa, Ondo and Zamfara all cut their debt stocks between December 2025 and June 2026. The four states started with a combined domestic debt stock of N224.66 billion in December 2025, falling to N126.85 billion by June 2026 - a 43.53% reduction, or N97.81 billion.
Enugu alone accounted for 84.96% of the total reduction, with its debt stock falling by N83.10 billion. Jigawa, Ondo and Zamfara followed with reductions of 34.71%, 26.82% and 20.86% respectively. While most states saw their debt stocks shrink, 10 states and the Federal Capital Territory (FCT) saw their debt increase, with Edo, the FCT, Borno, Adamawa and Delta experiencing the most significant increases.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
