Debt Management officer, (DMO) said Lagos State Government under Governor Sanwo-Olu has borrowed over N126 billion domestically in the last quarter of 2021.
According to a report released by the DMO, Lagos, whose domestic debt stood at N532.12 billion as of September 30, 2021, is now owing N658.95 billion as at the end of December, 2021.
This represents an increase of N126.83 billion in the last three months of the year 2021, according to the DMO.
DAILY POST observed that Lagos is the State with the highest domestic debt figure as of the time under review.
Ogun State comes second with a total of N232.62 billion debt as of December.
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