The Federal Government has unveiled a new strategy it hopes will help it better manage its public debts. The new strategy, the Medium-Term Debt Management Strategy (MTDS) 2024-2027 succeeds the elapsed MTDS 2020-2023.
MTDS is a Public Debt Management (PDM) tool that links borrowing with the macroeconomic framework of a country to ensure that the costs and risks in the public debt portfolio are within sustainable levels.
As at the end of the first quarter of 2025, Nigeria’s total public debt was N149.39 trillion (approximately $97.32 billion) made up of N78.76 trillion domestic debt and N70.63 trillion external debt.
Experts have raised concerns that the country’s debt could become unsustainable given the rate at which it…