According to a statement on its website, the total debt stock comprises the external and domestic debts of the Federal Government, the thirty six states and the Federal Capital Territory.
The total debt stock, however, excludes the Federal Government’s twenty two point seven one nine trillion naira Ways and Means Advances of the Central Bank of Nigeria, whose securitisation was approved by the National Assembly in May.
According to the DMO, the Ways and Means will be included in the debt stock of the Federal Government from June.
Meanwhile, the DMO recently released the Market Access Country-Debt Sustainability Analysis, MAC-DSA, to promote transparency.
The MAC-DSA is a World Bank/IMF tool for best practices in public debt management, which the DMO adopted and has implemented over the years.
