Patience Oniha has been reappointed as Director-General of the Debt Management Office (DMO) for a second term of five years with the approval of President Muhammadu Buhari.
This is in compliance with the 2003 Debt Management Office (Establishment ETC) Act’s Section IV (9-i).
The renewal will begin on July 1, 2022, according to a statement made by Senior Special Assistant to the President on Media and Publicity Mallam Garba Shehu.
“The important accomplishments made by the DMO in the last five years, under her leadership, were the basis for her appointment for a second term.
The creation of Sukuk and Green Bonds to finance the construction of infrastructure when there is a significant shortage is one of the accomplishments.
“Under her leadership, the DMO issued long-term Bonds with tenors of 30 years in the domestic and international markets as part of the initiatives to strengthen the sustainability of the public debt and open up avenues for generating long-term funding for corporates.
In addition, this helps the FGN Bond Market draw in a variety of investors, including individual investors.
According to the statement, “internally, Oniha introduced changes to improve the DMO, as a crucial institution in the country’s public finance ecosystem.”
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