Nigeria, Aug. 12 -- Governor Ademola Adeleke's administration has reduced Osun State's domestic debt by N69.18 billion since taking office, moving the state from among Nigeria's 10 most indebted states to 18th on the domestic debt ranking, an analysis of data from the Debt Management Office (DMO) has shown.

Mr Adeleke became Osun governor on 27 November 2022.

The state's domestic debt stood at N148.37 billion as of 31 December 2022, according to the DMO's domestic debt data for the 36 states of the federation and the Federal Capital Territory.

At the time, Osun was the ninth most indebted state in terms of domestic debt.

The debt declined gradually during the first year of Mr Adeleke's administration, falling to N147.05 billion by Mar...