# 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.

- **Source date:** 2026-10-18
- **Original source:** [Nairametrics (analysis of Debt Management Office report)](https://nairametrics.com/2026/10/18/fgs-guarantees-and-contingent-liabilities-hit-n7-84-trillion-as-dollar-swap-accounts-for-35/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-fg-guarantees-contingent-liabilities-june-2026-20261018
- **Markdown:** https://voltformer.com/news/ng-fg-guarantees-contingent-liabilities-june-2026-20261018.md

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.

[Nairametrics (analysis of Debt Management Office report)](https://nairametrics.com/2026/10/18/fgs-guarantees-and-contingent-liabilities-hit-n7-84-trillion-as-dollar-swap-accounts-for-35/)

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