About Us

Mission

Our Mission: To manage Kano State's debt effectively, ensuring that all borrowing is sustainable, cost-efficient, and strategically aligned with the state's economic priorities. The PDMO aims to optimize the benefits of financial markets and products to reduce costs and risks.

Vision

Our Vision: To establish a robust framework for debt management that supports Kano State’s aspirations towards achieving economic independence and long-term financial stability. The vision includes being recognized nationally and internationally for innovation, efficiency, and transparency in debt management.

Core FunctionsDebt Planning and Risk Management: Developing strategies for optimal debt acquisition and retirement, including structuring of new debts and refinancing existing ones to take advantage of favorable financial terms and conditions.Policy and Compliance: Setting policies related to public debt management, ensuring compliance with both national laws and international financial standards.Analysis and Advisory: Providing analytical support and advice on matters related to public debt, including economic impact assessments and debt sustainability analyses.Stakeholder Management: Engaging with various stakeholders including financial institutions, investors, and international partners to ensure a coherent approach towards public debt management.Core ValuesIntegrity: Upholding ethical practices and honesty in every transaction and decision.Transparency: Promoting openness in operations, enabling public access to relevant information concerning state debts and related financial activities.Accountability: Holding ourselves responsible for our decisions and their implications, ensuring all activities align with the broader economic goals of Kano State.Innovation: Continually seeking out and applying new methods and technologies to enhance the effectiveness and efficiency of debt management processes.Strategic Importance

The PDMO contributes significantly to the economic stability of Kano State by ensuring that all state borrowings are justified, strategically timed, and aligned with the state's capacity to repay. This not only maintains the state's creditworthiness but also ensures that public funds are channeled into projects that yield the highest socio-economic benefits. The PDMO's work supports the government's broader economic policies, particularly in terms of budget implementation and fiscal planning.

By effectively managing the state's debt, the PDMO helps to mitigate financial risks, reduce costs associated with public debt, and contribute to more sustainable economic planning and development. This ensures that Kano State can achieve its development goals while maintaining financial health over the long term.