Friday, April 17th 2026

Top 10 States That Borrowed From The CBN To Pay Salaries In Nigeria


Top 10 States That Borrowed From The CBN To Pay Salaries In Nigeria
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1. Imo State
At the top of the list is Imo State, which borrowed the highest amount at N20.46 billion. Imo’s economy is heavily reliant on oil and agriculture, but the size of its public sector workforce and the huge burden of salary arrears has likely necessitated significant borrowing to manage salary payments.

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