Investor Presentaiton
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Government Debt Remains Low and Maturities Extending
Prudent Maintenance of Debt at Sustainable Levels...
General Government Debt / GDP (%)
...And One of the Lowest Debt Levels among African Peers
2018F General Government Debt/ GDP (%)
13.2
12.4
12.5
18.9
18.7
16.9
2013
2014
2015
2016
2017
Jun-2018
22
19.1
22
Nigeria
B/B2/B+
Kazakhstan
BBB-/Baa3/BBB
South Africa
BB/Baa3/BB+
75.7
72.8
55.5
Angola
B-/B3/B
Brazil
BB-/Ba2/BB-
Debts are serviced as and when due and there are no defaults
Debt Sustainability Analysis conducted annually to reaffirm that Public Debt Stock is sustainable
US$500 million Eurobond redeemed in July 2018
#836.93 Billion Nigerian Treasury Bills redeemed between December 2017 and June 2018
Reduction in domestic borrowing rates: from 18.5% in January 2017 to between 10 - 14% for FGN Bonds and NTBs in 2018
New Initiatives in Debt Management
Diversification of borrowing instruments: Sukuk, Green Bonds and Diaspora Bonds
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Closer co-ordination with monetary authorities
Sources: Moody's Statistical Handbook May 2018, Debt Management Office.
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Fiscal Performance, Reforms and Debt Management
91.5
60
47.2View entire presentation