Short-Term Vs Long-Term Debt Instrument

Short-Term Vs Long-Term Debt Instrument

The proposed Q3, 2020 NTBs issuance is, however, NGN309.22 billion higher than the NGN512.78 billion worth of NTBs auctioned in Q2, 2020.

According to the Domestic Debt Management Strategy 2018-2022, Nigeria plans to reduce the stock of short-term debt (NTBs) by refinancing maturing NTBs with ex-ternal financing and FGN Bonds to reduce the cost of borrowing and lengthen the maturity of the debt stock.

The DMO plans to achieve a domestic debt mix of 75:25 for long-term and short-term debt, respectively. As at December 2019, NTBs constituted 18.58 per cent of the Nigeria’s domestic debt stock, lower than 19.07 per cent recorded in September 2019 and 19.77 percent it accounted for as at June 2019.

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