In less than 2yrs Gov. Aiyedatiwa records highest domestic debt reduction in Nigeria
Ondo State has emerged as Nigeria’s most fiscally disciplined sub-national government, having reduced its domestic debt by an unprecedented 82.6 percent within a year, the highest and most significant debt reduction recorded among all 36 states. This outstanding achievement is attributed to the strategic economic reforms and financial prudence of Governor Lucky Orimisan Aiyedatiwa’s administration since its inception. Data from the Debt Management Office (DMO) on states’ debt comparison between 2023 and 2024 showed Ondo State at the top in reducing domestic debt in one year. The record shows that Ondo State, under Governor Aiyedatiwa, reduced its domestic debt from N74billion in 2023 to N12billion in 2024, a difference of N61billion and a percentage of 82.6. Ebony state occupies the second position with 76.21percent. Since coming into office in December 2023, Governor Aiyedatiwa has made a top priority payment of […]