Towards Achieving Transparency in Debt Acquisition and Repayment Strategies in Nigeria

With Nigeria's total public debt stock reaching alarming levels and concerns mounting about fiscal sustainability,this paper examines the critical role of Nigeria's Debt Management Office (DMO) in fostering transparency in public debt acquisition and repayment strategies. The paper analyzes current debt management practices, identifies transparency gaps, and proposes strategic reforms. Drawing on empirical evidence from recent debt management reports and scholarly analyses, the paper evaluates the DMO's institutional framework, disclosure practices, and alignment with international best practices. The findings reveal both progress and persistent challenges in Nigeria's debt transparency landscape, particularly regarding loan utilization tracking, legislative oversight, and public participation in debt decision-making. The study concludes with policy recommendations for enhancing accountability mechanisms and strengthening the DMO's capacity to ensure sustainable debt management in Nigeria.Key Words: Debt transparency, Debt Management Office, Public debt, Accountability, Fiscal sustainability