Delta State has been ranked as the second most indebted state in the country, with a current debt profile standing at N331.95 billion as against N142.28 of its revenue.
This was made known by Dr Orji Ogbonnaya Orji, the Director, Communications of the Nigeria Extractive Industries Transparency Initiative, NEITI, Presidency, Abuja, in the latest Quarterly Review of the Federation Accounts Allocation Committee (FAAC) by NEITI.
The report, which is the third in the series by NEITI, examined the breakdown and analysis of disbursements from the federation account to the three tiers of government.
Anambra owed N20.60billion, according to NEITI-FACC report.
NEITI said the debt burden of Delta, Osun and Cross River states raised major concerns giving the fact that their total borrowings were found to be more than double the total revenues accruing to them.
‘’Oil production which was down from January to August 2016, has started rising.”
The report noted that there had been a gradual rise in oil prices from 30.70 dollars per barrel in 2016 to 54.58 dollars per barrel in January 2017.