Nigeria, Aug. 13 -- Edo State's domestic debt has risen sharply under Governor Monday Okpebholo, climbing from N113 billion at the end of 2024 to N172.37 billion by March 2026 and moving the state from 12th to sixth among Nigeria's most indebted states, according to the latest data from the Debt Management Office (DMO).

The increase follows a period of declining debt in 2025, when Edo's domestic debt fell from N113 billion in December 2024 to N76.13 billion by September 2025, before rising again to N91.18 billion at the end of the year.

The latest DMO Domestic Debt Data for the 36 states of the federation and the Federal Capital Territory shows that the debt increased by N81.19 billion between December 2025 and March 2026 alone.

That r...