Nigeria, Sept. 16 -- Akwa Ibom State has reduced its domestic debt stock by N116 billion since Governor Umo Eno assumed office in May 2023, moving from the seventh most indebted state in Nigeria to 15th as of March 2026.

Mr Eno became governor on 29 May 2023, when the state's domestic debt stood at N199.58 billion as of 30 June 2023, according to debt data from Debt Management Office, Abuja.

By March 2026, the debt had fallen to N83.63 billion, representing a reduction of N115.95 billion, or 58 per cent, from the June 2023 level.

The decline has been consistent under Mr Eno's administration.

The state's domestic debt fell from N193.45 billion in September 2023 to N190.48 billion in December of the same year. It dropped further to N142...