The Debt Management Office (DMO) disclosed yesterday that the federal government has made adequate budgetary provisions to meet its debt obligations.
Citing a statement issued by the DMO, the News Agency of Nigeria (NAN) cited the debt management agency as saying that Nigeria has unfailingly serviced its external and domestic debts promptly, culminating in increased investor interest in federal government bonds.
Such efforts, the DMO noted, reflect the country’s strict adherence to best practices in debt management.
The DMO explained that the country’s ability to meet its debt obligations is supported by effective planning and allocation through the Medium-Term Expenditure Framework (MTEF) and annual budgets.
Nigeria’s debt management, it added, is carried out in accordance with relevant legislations and regulations as well as in conformity with international practice.
The DMO revealed the recent successful issuance of 2.2 billion dollars in Eurobonds on the international capital markets, which received subscriptions exceeding 9 billion dollars.
Nigeria attracted a wide range of investors from multiple jurisdictions, including the UK, North America, Europe, Asia, the Middle East, and participation from Nigerian investors.
