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State is number one among the highly indebted states in in both external and domestic debts with N1.043 trillion in 2018, the latest by the Economic Confidential has shown.

While the external debt stock of Lagos amounts to N513.514 billion, the local debt stock settled at N530.243 billion.

In the publication’s Annual High Indebted States (AHIS) report on 2018 External and Domestic Debts, the amount owed by Lagos represents about 20 percent of the total debts owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion in 2018.

Other highly indebted states for the external debt stock included Edo, Kaduna, Cross River and Bauchi with $276.25m (N99.45bn), $227.25m (N81.81bn), $188.77m (N67.95bn) and $133.93m (N48.21bn) respectively.

Among the first five highly indebted states in the local debt stock, Lagos emerges tops with N530.243 billion, followed by Delta with N228.805 billion, Rivers with N225.592 billion, Akwa Ibom with N198.663 billion and Cross Rivers with N167.955 billion.

The report further shows that outside Lagos, other highly indebted states for foreign debt are Rivers with N253.772 billion, Delta with N251.589 billion, Cross River with N235.914 billion and Akwa Ibom with N215.099 billion.

The five states on the list of least indebted states in the external debt stock are Taraba $21.611m (N7.780bn), Borno $21.618m (N7.782bn), and Yobe $27.486m (N9.895bn).

Others were Plateau and Kogi with $28.874m (N10.394bn) and $31.584m (N11.370bn), respectively.

Five states account for the lowest in both domestic and external debts.

 

Source mycelebrityandi

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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News

BREAKING: First bank on flames as fire outbreak Ede branch (Video)

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BREAKING: First bank on flames as fire outbreak Ede branch (Video) 20200228 203917 scaled

A branch of First Bank in Osun  State was gutted by fire on Friday, destroying many things inside the bank.

It was reported that the fire started around 8:30PM on Friday  The fire reportedly raged for like 30 minutes before it was put out by the fire fighters and no casualty as been recorded at the time we are filling this .

The cause of the fire incident is not immediately known as at the time of filing this report but it was gathered that it might not be unconnected with generator fault which caught fire after it was switched on because of power failure.

Some residents of the town who were calling for the help of the fire service said that there was a power outage for long hours and the bank was said to have relied on the generating set for the same period of time and there was a fault somewhere which was responsible for fire incident.

Details later…

Watch video and photos below

 

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News

Suspected case of Coronavirus in Lagos under investigation – Govt

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Suspected case of Coronavirus in Lagos under investigation – Govt 20200227 101110

The State Government has said that the Chinese citizen who presented at the Reddington Hospital, Ikeja, and suspected to have Coronavirus has tested negative to the infection.

Commissioner for Health, Prof. Akin Abayomi, in a statement Thursday, noted that the likelihood of COVID-19 infection in this particular patient was very low and the conclusion of investigations and sophisticated testing confirms that there is no case of Coronavirus in Lagos State as of now.

“I would like to reassure Lagosians that our vigilance levels are very high and we are putting more measures in place to safeguard the State”, he said.

While giving details of the investigation, Abayomi explained that the Ministry of Health’s attention was drawn to a suspected case of Coronavirus at Reddington Hospital, a private health facility located at Ikeja.

“From our investigation, we gathered that a Chinese citizen who arrived in from China 7 weeks ago presented at Reddington Hospital yesterday complaining about fever.

“The hospital in keeping with the advisory we earlier issued, correctly maintained a high index of suspicion, isolated the patient and reported the case to the Ministry.

“We took up the case, transferred the patient to the State Isolation Unit at the Mainland hospital which is our specialised infectious disease hospital. His blood samples were taken to the Virology laboratory for analysis and it came out negative”, the Commissioner said.

Abayomi appealed to citizens to refrain from posting unverified news that can cause unnecessary anxiety in the community.

He urged citizens to disregard any information about the novel Coronavirus that does not emanate from official communication channels of the Ministry of Health or his office.

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