Publication:
State Debt Management in Nigeria: Challenges and Lessons Learned

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dc.contributor.authorRazlog, Lilia
dc.contributor.authorLee, Yue Man
dc.contributor.authorLi, Ying
dc.contributor.authorGarron Bozo, Jaime
dc.date.accessioned2020-04-27T17:02:19Z
dc.date.available2020-04-27T17:02:19Z
dc.date.issued2020-04
dc.description.abstractDrawing on the results of recent state-level debt management performance assessments (SN DeMPAs) in seven Nigerian states and the Federal Capital Territory, the paper highlights key institutional and capacity challenges in state debt management in the context of the Nigerian fiscal federalism system. It also provides a comparison of subnational debt management practices of selected Nigerian and Indian states. The analysis highlights the important role of the central government in the successful implementation of subnational debt management functions within fiscally decentralized system, in particular by: (i) establishing a sound legal framework for subnational borrowing and defining key parameters for state indebtedness; (ii) establishing, standardizing, and monitoring state-level debt-management procedures, systems, and institutions; and (iii) building the capacity of subnational authorities along the entire cycle of debt management, including for debt management strategy formulation, borrowing plans, debt contracting, recording and reporting. While this paper focuses on state-level debt management in Nigeria, it is designed to contribute to the ongoing dialogue on international sound practices for subnational debt management and implementation of fiscal decentralization in developing countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/855871587999761270/State-Debt-Management-in-Nigeria-Challenges-and-Lessons-Learned
dc.identifier.doi10.1596/33656
dc.identifier.urihttps://hdl.handle.net/10986/33656
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesMTI Discussion Paper;No. 19
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEBT
dc.subjectDEBT MANAGEMENT
dc.subjectSUBNATIONAL DEBT MANAGEMENT
dc.subjectDEBT MANAGEMENT PERFORMANCE ASSESSMENT
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectFISCAL DECENTRALIZATION
dc.titleState Debt Management in Nigeriaen
dc.title.subtitleChallenges and Lessons Learneden
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleState Debt Management in Nigeria
okr.date.disclosure2020-04-27
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/855871587999761270/State-Debt-Management-in-Nigeria-Challenges-and-Lessons-Learned
okr.guid855871587999761270
okr.identifier.doi10.1596/33656
okr.identifier.externaldocumentum090224b087885602_1_0
okr.identifier.internaldocumentum31986850
okr.identifier.report148017
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/855871587999761270/pdf/State-Debt-Management-in-Nigeria-Challenges-and-Lessons-Learned.pdfen
okr.region.administrativeAfrica
okr.region.countryNigeria
okr.topicPublic Sector Development::Public Financial Management
okr.topicFinance and Financial Sector Development::Public & Municipal Finance
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicGovernance::Governance and the Financial Sector
okr.topicGovernance::Local Government
okr.topicPublic Sector Development::Decentralization
okr.unitEFI-Operations Support (EFIOS)
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