Fg states grow external debt by 114 under buhari

It appears you're referring to a news article or report that states that the 36 states in Nigeria grew their external debt by 114% under the administration of President Muhammadu Buhari.

Here's a breakdown of the information:

• The 36 states in Nigeria have accumulated a significant amount of external debt, which is debt owed to foreign creditors, such as international organizations, governments, and private lenders.
• According to the report, the external debt of the 36 states increased by 114% during the administration of President Muhammadu Buhari, who has been in office since 2015.
• This means that the total external debt of the states has more than doubled during his tenure, which is a significant increase.

It's worth noting that the increase in external debt can be attributed to various factors, including:

• Increased borrowing to finance infrastructure projects, such as roads, bridges, and buildings.
• Higher interest rates and longer repayment periods, which can make it more difficult for states to service their debt.
• Decreased revenue from oil and other sources, which can make it harder for states to generate enough income to pay their debts.

Overall, the increase in external debt is a concern for many Nigerians, as it can lead to a higher burden on taxpayers and potentially impact the country's economic stability.