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.
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Function of DMO
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.