Sustainability of the Debt Relief - Nigeria’s Case Remarks at The Slate is Clean: What’s Next? Conference on Debt Relief in Africa By Abraham Nwankwo Director-General, Debt Management Office (Presidency) Abuja – Nigeria Egmont Palace, 8bis Place du Petit Sabion, 1000 Brussels, Salle Arenberg September 26, 2012
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Abraham Nwankwo Director-General, Debt Management Office (Presidency) Abuja – Nigeria
Sustainability of the Debt Relief - Nigeria’s Case Remarks at The Slate is Clean: What’s Next? Conference on Debt Relief in Africa By. Abraham Nwankwo Director-General, Debt Management Office (Presidency) Abuja – Nigeria - PowerPoint PPT Presentation
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Sustainability of the Debt Relief - Nigeria’s Case
Remarks at
The Slate is Clean: What’s Next?Conference on Debt Relief in Africa
By
Abraham NwankwoDirector-General, Debt Management Office
(Presidency)Abuja – Nigeria
Egmont Palace, 8bis Place du Petit Sabion, 1000 Brussels, Salle Arenberg
•Dominance of long-termed debt instruments and holding structure skewed in favour of the private sector have helped to establish a debt market driven by market forces.
With effect from October 1, 2012, JP Morgan will include FGN Bonds in its Government Bond Index-Emerging Markets (GBI-EM)
This development is an independent external recognition that the transformation of the domestic bond market has been executed in a manner that has enhanced the quality and strength of the domestic financial markets.
Total 46.25 100 53.90 40.10 100 17.20 47.89 100 20.12
• Public debt management has been strengthened by institutional reforms and appropriate legal and fiscal frameworks - Fiscal Responsibility Act 2007, Medium Term Expenditure Framework, fiscal consolidation, etc.