Lagos State Got More Federal Grants In 2020 – NBS

According to the National Bureau of Statistics, about 78% of all banking sector loans by value, given to states, went to Lagos state operating entities: “According to the data, about N15.1 trillion out of N19.4 trillion of the loans went to Lagos State in the third quarter of 2020, a 13.86% rise from the same period in 2019”.

During the same period, entities in Yobe, Jigawa, and Ebonyi States received 0.1%, 0.13%, and 0.13% respectively. Rivers state, following Lagos, received 5% of the loan or N977 billion.

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