Debt Management Office (DMO) | About and Contact Info
The Debt Management Office (DMO) is a government agency in Nigeria responsible for managing the country’s public debt portfolio. It was established in 2000 to centralize the management of Nigeria’s debt, ensuring efficiency, transparency, and sustainability in government borrowing and debt servicing activities.
The primary functions of the Debt Management Office include:
- Issuance of Government Securities: The DMO issues various types of government securities, including treasury bills, bonds, and Sukuk (Islamic bonds), to finance the budget deficit and other government expenditures.
- Debt Planning and Strategy Formulation: The DMO develops strategies for borrowing, refinancing existing debt, and managing the overall debt portfolio to ensure that the country’s debt remains sustainable and affordable.
- Debt Monitoring and Reporting: The office monitors the government’s debt obligations, including interest payments and principal repayments, and provides regular reports on the status of public debt to relevant stakeholders.
- Debt Restructuring and Refinancing: The DMO engages in debt restructuring and refinancing activities to optimize the government’s debt profile, including negotiating with creditors to extend debt maturity periods or secure more favorable terms.
- Debt Sustainability Analysis: The DMO conducts analyses to assess the sustainability of Nigeria’s public debt, taking into account factors such as the country’s economic growth, revenue generation capacity, and debt service obligations.
- Investor Relations: The office maintains relationships with domestic and international investors in government securities, providing them with information and updates on Nigeria’s debt management activities.
- Capacity Building and Institutional Strengthening: The DMO undertakes initiatives to enhance the capacity of government agencies and personnel involved in debt management, as well as to strengthen institutional frameworks for debt management in Nigeria.
Overall, the Debt Management Office plays a critical role in ensuring prudent and sustainable management of Nigeria’s public debt, thereby contributing to the country’s fiscal stability, economic development, and financial market integrity.
CONTACTS
- Head Office: NDIC Building (1st Floor), Plot 447/448 Constitution Avenue, Central Business District, P.M.B. 532, Garki Abuja, Nigeria.
- Telephone: +2348110000881
- Email: enquiries@dmo.gov.ng
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