Budget Office of the Federation
Nigerian government approves new debt management strategy
The Federal Executive Council (FEC) has approved a new Medium-Term Debt Management Strategy for Nigeria (MTDS) for the period 2020-2023. With the approval, announced during Wednesday’s virtual FEC meeting, the DMO which is saddled with managing the nation’s debt matters, has promised full implementation to support economic development while ensuring that public debt is sustainable. The MTDS is a policy document which provides a guide to the borrowing activities of the government in the medium-term, usually four years. It is recognised as one of the best practices in public debt management and is recommended by the World Bank and International Monetary Fund (IMF) to ensure that public debt management is driven by a well-articulated strategy that is structured to meet a country’s broader mac...
ICPC tracks 67 constituency projects in Nasarawa
File Photo The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Wednesday said it has started tracking 67 selected constituency projects in Nasarawa State. Mr Clement Obaniyi, the commission’s Commissioner in Benue, also overseeing Nasarawa and Plateau, told newsmen in Makurdi on Wednesday, noting that the projects were 2016 constituency projects of National Assembly members in Nasarawa State. Obaniyi said that the selected projects ranged from construction of boreholes, HIV campaign projects, provision of buses/cars, erosion control and flood, electrification, dams and road construction. He added that the projects were selected for tracking by a team from Budget Office of the Federation, Office of the Accountant General of the Federation, ICPC, National Instit...
