{
  "schemaVersion": 1,
  "contentDigest": "9849a88e8ce2a3f1f95cb367d4ca678b4e448c3412f9b2de807c6ae00a0b9d82",
  "id": "news-oct22-continued-ng-fg-guarantees-contingent-liabilities-june-2026-20261018",
  "language": "en",
  "interfaceLanguage": "en",
  "url": "https://voltformer.com/news/ng-fg-guarantees-contingent-liabilities-june-2026-20261018",
  "slug": "ng-fg-guarantees-contingent-liabilities-june-2026-20261018",
  "category": "policy-standards",
  "publishDate": "2026-10-18",
  "sourceName": "Nairametrics (analysis of Debt Management Office report)",
  "sourceUrl": "https://nairametrics.com/2026/10/18/fgs-guarantees-and-contingent-liabilities-hit-n7-84-trillion-as-dollar-swap-accounts-for-35/",
  "readingTimeMinutes": 1,
  "tags": [
    "Nigeria",
    "Public finance",
    "Guarantees",
    "Contingent liabilities",
    "Debt"
  ],
  "content": {
    "title": "DMO puts federal guarantees and contingent liabilities at ₦7.84tn",
    "summary": "The June 30 snapshot includes a ₦2.74tn collateral exposure tied to a $1.5bn drawdown under a $5bn swap.",
    "sections": [
      {
        "paragraphs": [
          "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."
        ],
        "sources": [
          {
            "name": "Nairametrics (analysis of Debt Management Office report)",
            "url": "https://nairametrics.com/2026/10/18/fgs-guarantees-and-contingent-liabilities-hit-n7-84-trillion-as-dollar-swap-accounts-for-35/"
          }
        ]
      }
    ]
  },
  "companies": [],
  "sourceVersion": "0adeb9ec184620d97af68ff5b9825adde5266f814100c722e55d505890666f22"
}