FULLNAME: Caleb Hyuk

DEPARTMENT: Director of Debt Management Unit,

KDSG POSITION: Head of Dept Management Unit

LGA : Jaba

EMAIL: dmd@accountantgeneral.kd.gov.ng



Debt Management Department Unit was created out of Final Account and Debt Management Department of the Ministry of Finance following April 2009 Exco decision. The approval for the new department was based on the States adoption of the DMO’s template for States Debt Management Department or offices.


To be an effective and efficient Debt Management Department that will enhance growth and development of the state, through database reconstruction i.i. collection, verification, recovery and analysis of data. (Analysis in terms of debt sustainability, sensitivity and debt portfolio analysis).


 To formulate policies and design strategies for effective management of the state’s public debt portfolios.


    • Debt recovery, accounting and reconciliation.
    • Debt co-ordination
    • Making economic and financial analysis and forecast
    • Partaking in needs assessment and debt negotiation.

Determining of and recommending on the state launching gap

The Debt Management Department (DMD)

The Head of the DMD, who was in charge of the day-to-day activities of the DMD, will report to the DMC. The Department is to be organized in the traditional front, Middle and Back Offices structure, each constituting a unit. The Unit Head is supported by an Operations Officer. The DMD should preferably have its Administrative staff.


As the report on the SND study shows, there is gross dearth of debt data in most States. The database reconstruction is, therefore, intended to identify, collect, collate, document and computerize State’s debt data in an appropriate format. It will include the following activities:

  1. Debt inventory/audit
  2. Final reconciliation of external debts (ongoing with DMO/FAAC).
  3. Classification of debt into the following categories

    a) External Debt: Multilateral
    b) Domestic: Commercial Loans (from Banks and other FIs).State Bonds, Debts owed to Contractors and      Suppliers, Salary Arrears and Pension Arrears: Loans from FGN.

  4. Record of Grants to all beneficiaries in the State.
  5. Dept data harmonization in collaboration with DMO (possibly when DMDs have matured to adopt more sophisticated data recording system such as CSDRMS)


The DMD’s Operation Manual should include the Remit, which spells out the activities and procedures for accomplishing them. The Manual envisages that the DMD could be established before the enactment of an enabling law.

Accordingly, the core functions shall be to:

  1. Maintain a reliable database of all loans taken or guaranteed by the State by Government of its agencies.
  2. Prepare and submit to State Government, a forecast of loan service obligations for each financial year.
  3. Prepare and implement a plan for the efficient management of the State’s external and domestic debt obligations at sustainable levels compatible with desired economic activities for growth and development and participate in negotiations aimed at realizing those objectives.
  4. Verify and reconcile external debts services guaranteed or directly taken by the State Government with the Federal DMO.
  5. Verify and service domestic debt, guaranteed or directly taken by the state Government, with the Accountant General.
  6. On an agency basis, service domestic debts taken by Local Government and any of their agencies, where such debts are guaranteed by the State Government.
  7. Advise the State Government on the re-structuring and re-financing of all debt obligations.
  8. Advise the DMC on the terms and conditions on which monies are to be borrowed.
  9. Submit to the State Government, for consideration in the annual budget, a forecast of borrowing capacity in local and foreign currencies.
  10. Prepare a schedule of any other State Government obligations such as contingent liabilities, both explicit and implicit, and provide advice on policies and procedures for their management.
  11. Establish and maintain tripartite relationships between the State, International Financial Institutions (IFI)/Donor Agencies, and the DMO.
  12. Collect Collate, Disseminate information, data and forecasts on debt management.
  13. Carry out such other function, which may be delegated to it by the Commissioner or by an Act of the State Assembly.
  14. Perform such other functions which in the opinion of the Department are required for the effective implementation of its functions
Currently the Debt Management Department has staff strength of 5.