The Debt Management Office, DMO, says that the Federal Government has made robust budgetary provisions to offset Nigeria’s foreign and local debt.
It was gathered that in the 2025 budget of the Federal Government currently before the National Assembly, the administration of President Bola Tinubu plans to spend N16.327 trillion on its debt obligations, apart from a proposed sum of N49.7 trillion.
DMO, in a statement, said Nigeria’s debt management strategy is in line with existing laws, regulations and international standards.
The agency also said that the country has consistently serviced its foreign and domestic debt, making its security attractive to local and foreign investors.
According to DMO, the recent successful issuance of $2.2 billion Eurobonds in the international financial markets, which received subscriptions of over $9 billion, demonstrated investor confidence in the country’s instruments.
“Nigeria attracted a wide range of investors from multiple jurisdictions, including the United Kingdom, North America, Europe, Asia, the Middle East, as well as participation from Nigerian investors.
“It is an expression of continued investor confidence in the country’s sound macroeconomic policy framework and prudent fiscal and monetary management.
“The transaction attracted an order book of over nine billion dollars. This highlights the strong support that the transaction enjoys across all geographies and investor classes.
“Furthermore, one of the clear achievements of the Eurobond is that it has opened up opportunities for banks and other commercial entities in the Eurobond market,” he said.
According to the agency, growing interest For federal government bonds, Sukuk bonds and other federal government securities reflect the country’s adherence to best practices in debt management.
The agency assured stakeholders that provisions have been made in the Medium Term Expenditure Framework (MEF), which covers the period 2025-2027, and in the annual budgets to meet the country’s expenditure obligations.
DMO said the federal government’s borrowing has helped deepen the capital market. national, which has become very attractive to local and foreign investors of various statuses.
Recall that the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, described the successful issuance of Eurobonds as a demonstration of growing confidence in the government’s efforts to stabilize the economy so that it can take its place in the world. socio-economic development.
“A wide range of investor appetite to invest in our Eurobonds is encouraging as we continue to diversify our funding sources and deepen our engagement with international financial markets,” said Edun.
In his comment after the recent successful issuance of the $2.2 billion Eurobond, the governor of the Central Bank of Nigeria, CBN, Yemi Cardoso, said the result reflects the growth of investor confidence and credit soundness nigerian
