NBS: States Accessed N12.90bn Loans from Banks in 2015, Deposited N17.17bn

By James Emejo

A total sum of N12.90 billion was advanced as credit to the 36 states of the federation including the Federal Capital Territory (FCT) in 2015, according to figures released on Wednesday by the National Bureau of Statistics (NBS).

On the other hand, states’ total deposit in commercial banks including the FCT was valued at N17.17 billion ‎within the same period.

The figures contained in the statistical agency’s ‘Bank‎ Credit and Deposit by States in Nigeria 2010-2015’ which was released yesterday showed Lagos State as top borrower, which accessed N10.12 billion and deposited N8.70 billion last year.
The FCT drew N402.11 million and deposited N2.30 billion within the period in review while Abia State accessed N72.37 million and deposited ‎N243.98 million.
Rivers States was also one of the top borrowers in 2015 with N658.28 million and had total deposits of N1.06 billion.

Other beneficiaries with credit and deposit balances are Enugu‎ (N116.25 million; N267.02 million), Ogun (N107.80 million; N279.15 million, Oyo (N172.26 million; N388,33 million), Sokoto (N15.31 million; N71.56 million), Delta (N159.98 million; N464.25 million) and Bayelsa (N26.16 million; N70.93 million.

Others are ‎Benue which borrowed (N45.65 million; and saved N90.56 million) within the period in review.

Akwa Ibom also borrowed N56.10 million and deposited N214.15 million.
Others are Adamawa (N45.61 million; N78.41 million), Cross River (N121.91 million; N126.43 million), Ekiti (N31.57 million; N64.45 million), Ondo (N86.47 million; N154.15 million), Kaduna (N151.91 million; N270.88 million) and Kano (N185.05 million; N281.28 million).

Imo State also borrowed N71.02 million and deposited N221.15 million in its account.

Edo State accessed N70.09 million and saved N612.98 million while Osun borrowedN52.59 million and saved N154.23 million.

Others are Niger (N52.35; N85.74 million), Kwara (N61.61 million; N124.54 million), Kebbi (N22.43 million; N56.35 million), Kogi (N13.34 million; N61.34 million and Nasarrawa (N30.69 million; N65.99 million).

Gombe State borrowed N18.78 million and deposited N40.39 million in the bank while Jigawa accessed N7.35 million and saved N32.93 million while Katsina borrowed N29.36 million and deposited N105.14 million.

Plateau State borrowed N39.43 million and deposited N123.62 million while Taraba accessed N28.87 million and deposited N43.98 million. Yob‎e (N4.09 million; N23.32 million), and Zamfara (N35.87 million; N27.75 million).