The analysis enters an immediate caveat and limitation. The first is that the Debt Management Office (DMC) does not keep an up to date public database of Nigeria's debts. There is no current listing of all the debts; their source, amount outstanding, etc. As such, the author had to search on the websites of creditors acknowledged in DMO's reports to document Nigeria's indebtedness. The Second limitation is that the geographic coverage of the proceeds of debts were not listed on the summary page of most debts. The author had to read through tens and sometimes hundreds of pages of appraisal and other documents to get information on beneficiary states and regions. The third is that the analysis did not cover all outstanding loans. To do that would have required months to complete as against about two weeks spent on this assignment.