Least indebted states by debt stock as of September 2025

A few major states account for a large chunk of Nigeria’s debt profile, yet some others continue to maintain low and stable debt levels.

According to data from the Debt Management Office, the total domestic debt of Nigeria’s 36 states and the FCT rose slightly to N4.002 trillion in September 2025, up from N3.96 trillion in June 2025.

Despite this marginal increase of 0.98% at the subnational level, a closer look shows that many states at the lower end of the table maintained modest debt levels, highlighting reduced liabilities during the quarter.

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Below are the 10 least indebted states in Nigeria – September 2025

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10. ** Yobe – N36.38 billion**

• 10. ** Yobe – N36.38 billion**
• 9. ** Anambra – N26.67 billion**
• 8. ** Kaduna – N23.13 billion**
• 7. ** Nasarawa – N22.41 billion**
• 6. ** Katsina – N17.02 billion**
• 5. ** Kebbi – N14.84 billion**
• 4. ** Ebonyi – N14.64 billion**
• 3. ** Kogi – N14.31 billion**
• 2. ** Ondo – N9.53 billion**
• 1. ** Jigawa – N1.60 billion**

Yobe closed the list as the tenth state with the least debt of N36.38 billion, accounting for 0.91% of total state debt.

This amounted to a 4.31% decline from N38.01 billion in June, reflecting steady repayments and reduced borrowing pressure.

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10. ** Yobe – N36.38 billion**

• 10. ** Yobe – N36.38 billion**
• 9. ** Anambra – N26.67 billion**
• 8. ** Kaduna – N23.13 billion**
• 7. ** Nasarawa – N22.41 billion**
• 6. ** Katsina – N17.02 billion**
• 5. ** Kebbi – N14.84 billion**
• 4. ** Ebonyi – N14.64 billion**
• 3. ** Kogi – N14.31 billion**
• 2. ** Ondo – N9.53 billion**
• 1. ** Jigawa – N1.60 billion**

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