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Commonwealth Meridian Deployed to Manage Public Debt Portfolio

Commonwealth Meridian Deployed to Manage Public Debt Portfolio
By: Michael Mike
A powerful software developed by the Commonwealth Secretariat is being deployed in Nigeria to transform how the country manages its public debt portfolio of US $114.35 billion while enhancing transparency.
A statement on Monday by the Commonwealth Secretariat, said at the request of the Government of Nigeria, the Commonwealth Secretariat hosted a two-week training workshop for 15 Nigerian debt managers at its headquarters in London this month.
The statement added that during the workshop, participants received hands-on training on getting their debt databases ready for seamless migration to the new software, known as Commonwealth Meridian, and learned essential skills for recording, analysing, and managing various types of debt using the advanced tool.
The Acting High Commissioner of Nigeria to the United Kingdom, Dr Cyprian Heen, according to the statement, opened the workshop on 5 February 2024 and described the software as a crucial tool for sound debt management practices in developing countries.
He highlighted the importance of monitoring debt liabilities to prevent escalating debt costs and risks, which hinder governments from spending on projects essential for sustainable development.
Heen said: “Meridian allows borrowers to record their debt accurately and comprehensively across the full range of debt management transactions and operations.
“In turn, this facilitates accurate and timely debt service payment to creditors while allowing governments to monitor their liabilities.”
Launched in 2019, Meridian replaces its predecessor, the Commonwealth Secretariat: Debt Recording and Management System (CS-DRMS), which has helped Nigeria manage its public debt since the 1990s.
The upgraded software gives managers access to real-time debt data to monitor liabilities and make informed decisions, while ensuring national financing needs are met in time and at an acceptable level of risk.
Speaking at the workshop, Senior Director of the Commonwealth Secretariat’s Economic, Youth and Sustainable Development Directorate, Dr Ruth Kattumuri, said Nigeria is the Commonwealth’s key partner in supporting Africa’s development.
She emphasised Nigeria’s catalytic role in driving growth and sustainable development across the continent, leveraging its abundant natural resources and human capital.
Kattumuri reiterated the Commonwealth’s full support for Nigeria’s development efforts, including through the deployment of essential tools, such as Meridian.
One of the training participants, Director of the Debt Recording and Settlement Department of Nigeria’s Debt Management Office, Maraizu Nwankwo,, welcomed the training initiative.
He said: “Meridian would help to address the challenges encountered by our debt officials in the use of CS-DRMS and support the Debt Management Office in meeting the increasing demand for public debt data in various forms by the stakeholders and users.”
The upgraded software is offered to Commonwealth countries as part of the Commonwealth’s debt management programme, which includes advocacy and policy advice on formulating debt management strategies.
Currently, the software is in use in 39 Commonwealth countries
Commonwealth Meridian Deployed to Manage Public Debt Portfolio
News
Zulum announces N1 Billion support to UMTH for Kidney Transplant

Zulum announces N1 Billion support to UMTH for Kidney Transplant
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum, has announced a N1 billion financial support package for the University of Maiduguri Teaching Hospital (UMTH) to facilitate kidney transplants for underprivileged patients from the state.
Demonstrating immediate commitment, Governor Zulum authorised an initial deposit of N250 million to cover transplants for 50 indigent patients.
The governor made the announcement during the 110th General Meeting of the Committee of Chief Medical Directors and Medical Directors of Federal Tertiary Institutions in Nigeria, alongside the commissioning of the epoch-making projects at UMTH.
He confirmed that the remaining N750 million would be disbursed in three instalments.
“I am pleased to announce that Borno State government will deposit the sum of N250 million to support kidney transplant of 50 patients. I am ready to contribute N1 billion as government’s contribution towards supporting the less privileged indigenes of the State ,” Zulum stated.
“The Borno State government therefore pledges to support this initiative and is ready to provide all the partnership required to sustain the provision of kidney transplant to less privileged patients at UMTH. This is only the beginning—I promise to do even more,” he added.
Governor Zulum commended UMTH for its strides in specialised healthcare, particularly its recent successful kidney transplants.
“I was told both the patients and donors are doing very well. Indeed this is a landmark achievement and a great relieve to patients most importantly to those who cannot afford the cost of transplant,” he remarked.
Speaking on the State Emergency Medical and Ambulance Services (SEMAS), the governor confirmed that ten new fully equipped ambulances would be deployed across health facilities by the week’s end. This, he stressed, would bolster the Maternal and Newborn Mortality Reduction Innovation Initiative.
“As a Government, we pledge our full support for the sustenance and scale-up of the Maternal and Newborns Mortality Reduction Innovation Initiative programme. We view it not as a standalone initiative, but as a critical complement to our broader health reform agenda,”.
“We are committed to ensuring that Maternal and Newborn Mortality Reduction Innovation Initiative succeeds in providing comprehensive antenatal care, emergency obstetric services, skilled birth attendance, postnatal follow-up and routine immunisation to protect our children from preventable diseases,” he stressed.
Minister of Health and Social Welfare, Professor Mohammed Ali Pate, lauded Governor Zulum for fostering collaboration between state and federal governments to deliver equitable, affordable healthcare.
“Governor Zulum exemplifies teamwork by working closely with the federal government to enhance healthcare quality and accessibility in Borno,” Pate said.
Chief Medical Director, University of Maiduguri Teaching Hospital, Professor Ahmed Ahidjo acknowledged the state’s N500 million intervention following the 2024 floods, had helped to restore critical services, including the renovation of Trauma and Kidney Centres, procurement of medical consumables and the reactivation of oxygen plant.
The event was attended by dignitaries including Minister of Health and Social Services Prof. Mohammed Ali Pate, National Assembly members, Ambassador Babagana Kingibe (GCON), the Shehu of Borno, Alhaji Dr. Abubakar Ibn Umar Garbai El-Kanemi, Head of Civil Service of the Federation, Dr. Esther Didi Walson-Jack, former deputy governor, Hon. Usman Mamman Ndurkwa and over 70 Chief Medical Directors and Medical Directors.
Zulum announces N1 Billion support to UMTH for Kidney Transplant
News
Troops neutralise three terrorists in ambush operations in Borno

Troops neutralise three terrorists in ambush operations in Borno
By: Zagazola Makama
Troops of the Joint Task Force (North East) Operation Hadin Kai have neutralised three terrorists and intercepted logistics supplies during coordinated ambush operations in Konduga Local Government Area of Borno State.
Security sources told Zagazola Makama on Tuesday that the operations were conducted by under Operation Desert Sanity IV.
The sources said that the first ambush occurred late on July 28 at Kawuri general area, where troops lying in wait intercepted terrorists transporting logistics. On sighting the ambush team, a firefight ensued, resulting in the neutralisation of two terrorists, while others escaped with possible gunshot wounds.
Items recovered included packs of salt, Maggi seasoning, detergents, wrappers, brassieres, hijabs, shoes, a solar panel, torchlight batteries, and packs of SIM cards.
The troops returned safely to base early on July 29.
In a separate incident around midnight on the same day, troops on patrol observed suspicious movement ahead of their location in Konduga.
An alert was sent to an ambush team already in position, which swiftly engaged the terrorists at a different axis of the local government area. One terrorist was neutralised, while others fled.
The troops recovered items from both operations and returned to base without casualties.
Troops neutralise three terrorists in ambush operations in Borno
News
Troops neutralise two terrorists in Borno, recover weapons

Troops neutralise two terrorists in Borno, recover weapons
By: Zagazola Makama
Troops of the Nigerian Army’s Operation Hadin Kai have neutralised two ISWAP terrorists during a fighting patrol in Aligambari village, near Gajiram in Borno State.
A reliable source told Zagazola Makama on Tuesday that the troops, acting on credible intelligence, launched a swift operation in the area at about 1:00 p.m. on Monday.
According to the source, the troops made contact with the terrorists and engaged them with superior firepower, killing two of them in the process.
He said that the soldiers also recovered one AK-47 rifle, one PKT machine gun and two magazines from the scene.
“The troops are currently dominating the area of responsibility with aggressive patrols to deny the terrorists any freedom of movement.
“All captured items are in the custody of the troops, and further instructions are being awaited from higher headquarters,” the source added.
Troops neutralise two terrorists in Borno, recover weapons
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