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Department of Debt Management

Nasarawa State Debt Stock as at 31st December 2021

BUDGET SUPPORT FACILITY
₦ 17,014,812,112.68
STATE BONDS
₦ 3,449,554,284.10
PENSION AND GRATUITY ARREARS
₦ 11,391,400,656.18
CONTRACTORS' ARREARS
₦ 10,063,634,505.84
JUDGEMENT DEBTS
₦ 9,033,691.83
TOTAL DOMESTIC DEBT
₦ 54,411,477,317.92
EXCESS CRUDE ACCOUNT (ECA) LOAN
₦ 8,998,556,164.03
SALARY BAIL-OUT
₦ 3,484,485,903.26
BUDGET SUPPORT FACILITY
₦21,407,336,301
STATE BONDS
₦4,832,893,882
PENSION AND GRATUITY ARREARS
₦12,166,813,950
CONTRACTORS' ARREARS
₦12,206,162,903
JUDGEMENT DEBTS
₦14,051,312
TOTAL DOMESTIC DEBT
₦67,255,791,440
EXCESS CRUDE ACCOUNT (ECA) LOAN
₦9,108,509,408
SALARY BAIL-OUT
₦7,520,023,684

FUNCTIONS OF THE MINISTRY

1. Receipt of Statutory and other allocations due to the State from the Federation Account.

2. Disbursement of Funds on behalf of the State Government.

3. Maintenance of all Government Accounts.

4. Advising Government on financial matters.

5. Preparation of Financial Reports and Statements of Accounts.

6. Representing the State at the Federation Account Committee (FAAC) meetings.

7. Co-coordinating the State Funds Allocation Committee (FACO) meeting with the Secretary to the State Government as chairman.

Background

Ministry of Finance is among the first key Ministries that was establishment upon the creation of Nasarawa State.

VISION

To be a model of prudent public finance management and accountability in accordance with best global practice.

MISSION

Provide excellent public finance management service in Nasarawa State.

The Ministry as custodian of Government funds has the following responsibilities:.

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