Debt - Page 2 - Intelpoint

Bayelsa holds the lowest debt with ₦65.9 billion.
Rivers’ ₦364.4 billion domestic debt is almost six times Bayelsa’s total, highlighting major fiscal disparities.
Delta (₦204.7 billion) and Cross River (₦147.3 billion) remain among the region’s more indebted states
Regional debt approaches ₦1 trillion: The six South-South states collectively hold an estimated ₦968 billion in domestic debt as of Q2 2025.

The seven North-Western states collectively owed about ₦223.4 billion in domestic debt as of Q2 2025, according to DMO data.
Kano State ranked highest with ₦56.9 billion, accounting for roughly 25% of the zone’s total debt.
Jigawa remains the least indebted in the region and in the entire country, with only ₦852 million.
Moderate debt spread: While Kano, Zamfara, and Sokoto carried the largest debt loads, the remaining states maintained relatively conservative borrowing patterns.

The six North Central states collectively hold ₦449.4 billion in domestic debt as of Q2 2025, according to DMO data.
Kogi and Nasarawa lead in fiscal control with ₦18.8 billion and ₦23.9 billion, respectively
Both states record the lowest debt profiles in the region. Niger State’s ₦141.5 billion debt makes it the region’s most indebted, accounting for nearly one-third of the total.
The debt gap between Kogi (lowest) and Niger (highest) stands at over ₦123 billion, highlighting stark differences in fiscal management and borrowing capacity across the zone.

Nigeria’s public debt rose to $99.7 billion, up from $91.3 billion in June 2024, marking a return to growth after a dollar-value decline in 2024.
The debt in local currency climbed to ₦152.4 trillion, reflecting both borrowing and continued naira depreciation.
The increase underscores ongoing domestic financing challenges and vulnerability to exchange-rate fluctuations.
The growth in dollar terms points to renewed external borrowing as the government manages debt obligations post-2024 volatility.

Debt service costs in South Africa overtook government health spending in 2020/21.
In South Africa's 2025 budget, debt service costs stand at R426.3B, compared to R296.1B for health.
Debt service costs grew at 11.3% CAGR (2017–2025), more than double the 5.0% CAGR of government health expenditure.
The gap between debt and health spending widened sharply after 2020/21, with debt consistently pulling ahead.

Manufacturing records the highest monthly revenue at ₦8.27m, nearly double that of the next sector.
Healthcare (₦5.02m) and Transportation (₦3.70m) follow, reflecting essential service demand.
Industries like Marketing & Advertising (₦191k), Food & Beverages (₦320k), and Education (₦440k) earn significantly less on average.
The difference between top earners (Manufacturing, Healthcare) and bottom sectors highlights a stark inequality in industry.

The South West is the only region with MSMEs reporting revenues above ₦100 million, accounting for 100% of that bracket.
While high-revenue firms cluster in the South West, the South South leads in the ₦10M–₦99.9M range, with over 50.8% share.
The North Central (30.3%) has the highest share of MSMEs earning less than ₦100,000 monthly, followed by the North East (19.6%).
The ₦200K–₦999.9K range is more evenly spread across regions, but the South West and South South consistently record stronger representation.

Nearly half (48.9%) of Nigerian businesses identify inflation as their greatest economic challenge in 2025.
The foreign exchange rate (17.1%) is the second most pressing concern, reflecting ongoing naira volatility.
Insecurity (15.6%) and government policies (10.0%) remain significant worries for business operations.
Inadequate infrastructure (8.4%), while the least mentioned, continues to constrain growth.

Just 25.1% of MSMEs report receiving any form of government support, while 74.9% remain untouched by initiatives.
Among those who benefitted, 41.1% accessed grants, making it the most common form of support.
22.1% of MSMEs participated in government training programmes, showing recognition of capacity-building needs.
Only 16% received loans and 13.8% got tax breaks, underscoring limited financial and fiscal support penetration.
A mere 6.9% of businesses report accessing subsidies, reflecting minimal impact of such schemes.

The South West (₦8.3m) far surpasses all regions in monthly revenue, reflecting Lagos’ dominance as Nigeria’s commercial hub.
The South South (₦831k) and South East (₦605k) trail far behind but still outperform the northern regions.
The North East (₦562k) and North West (₦479k) show significantly lower average revenues.
The North Central (₦241k) records the weakest average, underlining stark regional disparities.

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