In Nigeria’s complex fiscal landscape, where many subnational governments grapple with growing debt burdens, Ondo State quietly stands out. Known for its relatively low domestic debt profile, Ondo is often praised for fiscal prudence and responsible financial management. Yet when set against the backdrop of the state’s modest GDP, underdeveloped infrastructure, and muted investor activity, the low-debt label triggers a more complicated conversation. Is Ondo’s fiscal conservatism a mark of vision—or a symptom of underinvestment in its own future? Stability Without Growth For investors, low debt can signal stability—but stability…
Read MoreONDO STATE’S LOW-DEBT ECONOMY: MISSED OPPORTUNITY OR UNTAPPED FRONTIER?, By Kunle Odusola-Stevenson
