sentences:  The resurgence in the domestic sovereign debt instruments could be traced to 2000 when the Debt Management Office ("DMO") was created with a mandate to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by myriad establishments in an uncoordinated fashion.Hitherto, a huge percentage of the Nigeria’s domestic debt instruments were structured into Treasury Bills with maturities of 91days and below; creating inconsistencies and irregularities in the federal government’s borrowing costs.The DMO, in a bid to restructure the Federal Government of Nigeria’s deficit funding from shorter to longer tenored borrowing instruments, improve and lengthen the yield curve in the domestic money markets, and to encourage long-term savings, introduced the sale of Federal Government of Nigeria ("FGN Bonds") Bonds in October 2003.