What is Public Debt Management? Sovereign debt management is the process of establishing and executing a strategy for managing the government's debt in order to raise the required amount of funding, achieve its risk and cost objectives, and to meet any other sovereign debt management goals the government may have set, such as developing and maintaining an efficient market for government securities.

The implementation of these reforms is expected to boost Nigeria's tax-to-GDP ratio from the current 10.86% towards the African average of 15.6% within three years. This increase in revenue is anticipated to fund critical infrastructure, healthcare, and education projects, thereby fostering economic growth and reducing poverty.

Driving Overarching Priorities of Mr. President. A budget is basically an estimate of revenues and expenditures during a fiscal period, usually one year and in the case of Nigeria running from January to December.