A report published by the Debt Management Office has revealed that the Ogun State Government borrowed ₦58billion as domestic debt in 18 months.
The latest report, which was released on March 15, indicated that Ogun State domestic debt stock was ₦153,490,666,025.15 as of December 30, 2020.
However, the DMO had earlier reported that Ogun was owing a total domestic debt of ₦95,174,172,678.30 as of June 30, 2019, a month after the incumbent Governor Dapo Abiodun government came on board.
The DMO report simply signifies that from June 30, 2019 to December 30, 2020, the Ogun State Government under Gov Abiodun has acquired a total of ₦58,316,493,347 debt locally.
Findings by Africa Daily News, New York confirmed that money borrowed domestically by the State stood at ₦97billion in March 31, 2019, two months before former Governor Ibikunle Amosun left office.
The DMO was established to centrally coordinate the management of Nigeria’s debt.
The office said the domestic debt data report was generated from the signed-off submissions received from each state.
AFRICA DAILY NEWS, NEW YORK
