Overview

1. In line with DMO’s New Strategic Focus and commitment to making Nigeria become, in the next 4-5 years among the top 10 countries in the World on best practice and development effectiveness in public debt management; a foremost exporter of public debt management services and knowledge; and a major destination for outsourcing of public debt management services from all over the world, the Strategic Programmes Department (SPD) was created, on July 23, 2007, to effectively address these issues.
2. The Department is responsible for assisting States in the establishment of debt management departments as well as bringing them up to speed in their knowledge of Debt management in particular and Public Finance management in general. The department is also entrusted with the responsibility of extending public debt education to al relevant stakeholders and the general public at large. I n addition, the department is responsible for developing curriculum for the various training programmes of the DMO as for the proposed Debt Management Institute. The department is also responsible for tracking contingent liabilities of the Federal Government as well as grants, contractor debts and Federal Government Guarantees; this is with a view of ensuring such liabilities are captured for budgetary purposes.

Departmental Structure
The Department is headed by a Director and supported by two Team Leaders. The department has two units namely:

• Institutional Skills and Development- The Institutional & Skills Development (ISD) Unit is responsible for extending public debt management practices to the 36 states, including establishing and strengthening their debt management capabilities. The ISD unit is also responsible for conducting Intensive Public Enlightenment and Education on Public Debt Management to increase the level of public awareness of public debt management. In addition, the unit liaises with development partners in the coordination of their activities in the States, this is to ensure that their activities and assistance to the states do not run counter to the Federal Governments overall Macroeconomic policy.
• Associated and Externalities- The Associated and Externalities (A & E) Unit has the responsibilities of tracking, Monitoring and Reporting on non-securitized debt and contingent liabilities, Grants, Contractors’ debt and FGN Guarantees. The unit also is saddled with the responsibility of Managing loans to other countries; Tracking, Monitoring and Reporting on non-guaranteed private debt; Tracking, Monitoring and Reporting on development loans and transfer to Development Fund from the Consolidated Revenue Fund approved by the National Assembly as mandated by the DMO Act. Furthermore, the unit establishes sources and institutional arrangement for monitoring private debts in short, medium and long-time.