DMO puts federal guarantees and contingent liabilities at ₦7.84tn
The June 30 snapshot includes a ₦2.74tn collateral exposure tied to a $1.5bn drawdown under a $5bn swap.
- Publish date: 2026-10-18
- Category: Standards & Policy
- Original source: Nairametrics (analysis of Debt Management Office report)
- Reading time: 1 min read
The Debt Management Office reported Federal Government guarantees and contingent liabilities of ₦7.84 trillion as of June 30, 2026. Of that amount, ₦2.74 trillion, or 34.99%, was collateral for a $1.5bn drawdown under a $5bn Total Return Swap with First Abu Dhabi Bank. Power-sector Put-Call Option Agreement exposures were ₦1.88 trillion (23.93%), while the Bank of Industry guarantee for its €750m Eurobond was ₦1.18 trillion (15.04%). The report also listed ₦804.96bn for Lekki Deep Sea Port, ₦501.02bn under NBET’s first bond series and ₦374.88bn in federal pension arrears. These are guaranteed or contingent exposures, not necessarily realised spending.