FG Approves Nigeria’s Medium-Term Debt Management Strategy for 2024–2027

The Federal Government of Nigeria has officially approved the Medium-Term Debt Management Strategy (MTDS) for the period of 2024–2027. The move is aimed at ensuring debt sustainability, strengthening fiscal stability, and boosting the domestic security market.

The Debt Management Office (DMO) made the announcement in a press release following the endorsement of the framework by the Federal Executive Council (FEC). The MTDS, developed with technical guidance from the World Bank and the International Monetary Fund (IMF), is designed to balance government financing requirements with debt sustainability considerations, minimizing borrowing costs and associated risks.

The strategy includes new debt targets, such as capping interest rates in 2024 and reducing foreign exchange and refinancing risks. The MTDS was formulated in extensive consultation with key stakeholders to ensure compliance with international standards and reinforce investor confidence in Nigeria's responsible debt management and fiscal discipline.