The Plateau State Debt Management Department was established through a Law enacted by the Plateau State House of Assembly cited as the ‘Plateau State Debt Management Office Law 2007.’
BRIEF ON THE PLATEAU STATE DEBT MANAGEMENT DEPARTMENT.
Following Nigeria’s exit from the Parish and London Club debt obligations, the Debt Management Office (DMO) developed the External Borrowing Guidelines (2008-2012), as well as the Subnational Borrowing Guidelines to guide the Federal and State Governments, as well as their Agencies towards external and domestic borrowings with a view to avoiding a relapse into debt unsustainability.
Advise the State Government on the re-structuring and re- financing of all debt obligations. Submit to the State Government for consideration in the annual budget a forecast of borrowing capacity in both local and foreign currencies. Advise the DMAC on
Maintain a reliable database of all loans or guaranteed by the State Government or any of its Agencies. Prepare and submit to State Government a forecast of loan service obligations for each financial year. Prepare and implement a plan for