Section 4: Powers of the Bureau

The bureau shall have power to-(a) issue and manage Federal Government debt arising from the issuance of various instruments upon such terms and conditions as may be agreed between the Federal government and the Bureau;
(b)
develop a debt market for the State Governments, that will allow them have direct access to borrowing through issuance of state bonds, but within the guidelines that will ensure sustainability;
(c) issue, from time to time, guidelines for the prudent management and smooth operation of the public debt of the Federal Government;
(d) issue, from time to time, guidelines on external borrowing, domestic borrowing, federal government guarantees and on-lending to sub-nationals, subject to the approval of the National Assembly;
(e) require persons and institutions having access to, at all reasonable times, to supply, such forms as the Bureau may from time to time direct, information relating to matters affecting borrowing or public debts in the national economy; and
(f) do such other things which in the opinion of the Board relate to debt management of Federation.