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Debt Management Office (Nigeria)
The Debt Management Office (DMO) is a government agency established on 4 October 2000, tasked with centralizing the management of Nigeria's debt. It was created in response to challenges in Nigeria's debt portfolio, which included high external and domestic debt, substantial debt service, low external reserves, and weak debt management capacity. History The DMO was established following recommendations from the Debt Management Department (DMD) of the International Monetary Fund (IMF) after a comprehensive assessment of Nigeria's debt situation in 1999. The DMD suggested the establishment of a single agency responsible for all aspects of public debt management, including policy formulation, strategy development, borrowing, recording, servicing, and reporting. Initially an autonomous unit within the Presidency, the DMO was later transferred to the Ministry of Finance in 2001 and upgraded to a full parastatal in 2003. The legal framework for the DMO's operation includes the Fiscal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of Nigeria
The federal government of Nigeria is composed of three distinct branches: the executive, the legislative, and the judicial, whose powers are vested and bestowed upon by the Constitution of the Federal Republic of Nigeria. One of the primary functions of the constitution is that it provides for separation and balance of powers among the three branches and aims to prevent the repetition of past mistakes made by the government. Other functions of the constitution include a division of power between the federal government and the states, and protection of various individual liberties of the nation's citizens. Nigerian politics take place within a framework of a federal and presidential republic and a representative democracy, in which the president holds executive power. Legislative power is held by the federal government and the two chambers of the legislature: the House of Representatives and the Senate. The legislative branch of Nigeria is responsible for and possesses powers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wale Edun
Chief Adebayo Olawale Edun, commonly known as Wale Edun, is a Nigerian economist, investment banker and politician who is the minister of finance and coordinating minister of the economy since August 2023. He was appointed the Chairman of the African Governors’ Forum of the World Bank in 2023. He is the first Nigerian to occupy this position in 60 years. Education Edun holds bachelor's and master's degrees in economics from the University of London and the University of Sussex respectively. Career From 1980 to 1986, Edun worked at Chase Merchant Bank (later Continental) in Lagos, Nigeria. He joined the World Bank in September 1986 through the elite Young Professionals program, where he worked on economic and financial packages for several countries in Latin America and the Caribbean. In 1989, he co-founded Investment Banking & Trust Company Limited (now Stanbic IBTC) and served as executive director. In 1994, he founded Denham Management Limited, which has since bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Minister Of Nigeria
The minister of finance of Nigeria is a senior cabinet official in the Nigerian Federal Executive Council. The finance minister's directs the Nigerian Ministry of Finance and ensures that it operates in a transparent, accountable and efficient manner to bolster the country's economic development priorities. The minister is assisted by the permanent secretary of the Ministry of Finance, a career civil servant. The current Nigerian minister of finance is Wale Edun appointed by President Bola Tinubu on 16 August 2023. Duties of the minister * Preparation of annual budgetary estimates of revenue and expenditure for the Federal Government. * Determination of Federal Government fiscal policies. * Mobilization of domestic and external financial resources for national development purposes. * Management of foreign exchange reserves. * Management of Federal Government revenue. * Currency valuation. * Regulation of the insurance industry * Revenue allocation management. Ministers of f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Ministry Of Finance
The Federal Ministry of Finance is the government body that manages the finances of the Federal Government of Nigeria, including managing, controlling and monitoring federal revenues and expenditures. Bureaucratic Leadership A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet. The Federal Ministry of Finance is led by the Honourable Minister of Finance and Coordinating Minister of the Economy, who serves as the chief executive officer. This role involves engaging with the public, both domestically and internationally. The Minister interacts with the ministry's bureaucracy through the Permanent Secretary, who oversees financial management as the Chief Accounting Officer. The Permanent Secretary acts as a gateway for official documents intended for the Minister, verifying their legitimacy and propriety before transmission. This ensures that all documents presente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Devex
Devex is a social enterprise and media platform for the global development community. It aims to connect with and inform development, health, humanitarian, and sustainability professionals through news, business intelligence, funding and career opportunities related to international development. As an independent news organization, Devex employs more than 100 staff members in different locations, including Washington, D.C., where the organization is headquartered. It also maintains offices in Barcelona and Manila. Devex has more than 800,000 registered members within the international development community, including development organizations, donor agencies, suppliers and aid workers. The company claims to have more than 1 million active users. Devex's president and editor-in-chief, Raj Kumar, began the organization in 2000 as a student project at Harvard Kennedy School at Harvard University. Kumar’s goal was to lower the administrative costs of donor agencies so they could d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of Nigeria
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria National Debt
The Nigeria national debt or simply national debt of Nigeria is the total amount of money that the Federal Government of Nigeria owes to its creditors, both domestic and external. The national debt is composed of two main components: debt held by the public and debt held by government accounts. Debt held by the public includes Treasury securities held by investors outside the federal government, such as individuals, corporations, the Central Bank of Nigeria, and foreign, state and local governments. Debt held by government accounts includes non-marketable Treasury securities held in accounts of programs administered by the federal government, such as the Nigeria Social Insurance Trust Fund. The national debt is measured as the face value of the outstanding Treasury securities at a given point in time. The national debt of Nigeria is subject to a legal limit, known as the debt ceiling, which is determined by the National Assembly of Nigeria. The debt ceiling is the maximum amount ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Finance Of Nigeria
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin '' publicus'' (also '' poplicus''), from ''populus'', to the English word 'populace', and in general denotes some mass population ("the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Finances In Nigeria
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
