When 18 incoming new governor takes over their states on May 29, 2023, they will take over near-bankrupt states. Overall, the governors who have completed their constitutionally allowed two terms plus Bello Matawalle of Zamfara, who could not secure re-election, will pass on a whopping N3.2 trillion to the new state handlers. The 19 states’ debt is about 44 percent of the cumulative $17.34 trillion owed by the 36 states and the Federal Capital Territory.