Nigeria - Sub-National Debt Management Capacity Building Project (SUBDMO)

The Sub-National Debt Management Capacity Building Project (SUBDMO) is designed by the Federal Government of Nigeria through the Debt Management Office (DMO) with the support of the African Development Bank’s (AfDB) Middle Income Country Technical Assistant Fund (MIC-TAF). One of the major priorities of the DMO after the successful exit was the enthronement of sound public debt management practices at the sub-national level. This drive was informed by the desire to strengthen and entrench sound public debt management skills and practices at the sub-national levels as a way of ensuring that Nigeria does not relapse into debt unsustainability that bedeviled the economy prior to Paris and London Club debt exits. The present project entails the procurement of two (2) international consulting firms to serve as Debt Management Capacity Building Consultants (DMCBCs) for three Southern and three Northern zones of Nigeria.