As of Q2 2025, Nigeria’s North-West geopolitical zone recorded a combined domestic debt stock of approximately ₦223.4 billion, reflecting moderate fiscal exposure compared to other regions. Kano State, the commercial hub of the North, emerged as the most indebted with ₦56.9 billion, followed by Zamfara (₦56.8 billion) and Sokoto (₦49.6 billion). At the opposite end, Jigawa State continued its reputation for fiscal restraint with just ₦852 million. The zone’s relatively low debt levels may indicate limited domestic borrowing capacity but also a tighter fiscal environment that constrains infrastructure financing.
