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DMO’s DG Reappointed By President Buhari

The DIrector-General of the Debt Management Office(DMO) Ms. Patience Oniha has been reappointed for another Five(5) years term by the President and Commander in Chief of the Federal Republic of Nigeria Muhammadu Buhari.

This was revealed in a Statement signed by the Senior Special Assistant to Mr.President on Media and Publicity Malam Garba Shehu some few hours ago.

According to the President’s aide the reappointment was in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003. And in recognition of the internal reforms introduced by Oniha to strengthen the DMO, as a critical agency in the public finance ecosystem of the country.
Her second term takes effect from tomorrow July 1,2022.
”Her appointment for a second term was based on the significant achievements recorded by the DMO in the last 5 years, under her leadership.
Amongst the achievements are the introduction of Sukuk and Green Bonds to finance the development of infrastructure where there is a huge gap.
Under her watch, as part of the initiatives to improve the sustainability of the public debt and opening up avenues for raising long term funds for corporates, the DMO introduced long term Bonds with tenors of 30 years in the domestic and international markets”.
”This is aside from attracting diverse investors including retail investors to the FGN Bond Market.” He said.
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