States Borrowed N13.1tn From Banks In 2015 – NBS

The National Bureau of Statistics on Wednesday stated that the 36 states of the federation and the Federal Capital Territory got a total credit of N13.1xtn from banks in the 2015 fiscal period.

The bureau, in its states’ bank credit and deposit statistics, stated that within the period, a total sum of N17.1tn was deposited in banks by the state governments.

The report, a copy of which was made available to our correspondent, stated that with a value of N10.1tn, Lagos State had the highest amount of credit from the banks.

This was followed by Rivers, with N658.2bn; the Federal Capital Territory, N402.1bn; and Kano State, N185.05bn.

Abia accessed N72.3bn; Adamawa, N45.6bn; Bauchi, N31.09bn; Bayelsa, N26.1bn; Borno, N55.49bn; Cross River, N121.9bn; Delta, N159.9bn; Ebonyi, N44.8bn; Edo, N70bn; and Ekiti, N31.5bn.

Enugu collected N116.65bn as loans; Gombe, N18.7bn; Imo, N71bn; Kaduna, N151.9bn; Kogi, N13.34bn; Kwara, N61.6bn; Ogun, N107.8bn; Oyo, N172.2bn; Osun, N52.9bn; and Zamfara, N35.8bn.

In terms of deposits, the NBS report stated that Lagos made the highest amount of deposit with N8.7tn, followed by Rivers with N1tn.

The report stated that Imo State recorded a deposit of N221.1bn; Kaduna, N270.8bn; Katsina, N105.14bn; Kogi, N61.34bn; Kwara, N124.54bn; Ogun, N279.1bn; Osun, N154.23bn; and Oyo, N388bn.

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