30th June, 2022
By Ismaila Chafe
President Muhammadu Buhari has approved the re-appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of five years.
Malam Garba Shehu, the President’s media aide, who confirmed this in a statement on Thursday in Abuja, said the reappointment was in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003.
According to him, the renewal takes effect from July 1.
”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 open 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.”