President Buhari Re-appoints Patience As DMO DG

President Muhammadu Buhari on Thursday approved the re-appointment of Patience Oniha as Director-General of the Debt Management Office (DMO).

Naija News reports that Oniha’s re-appointment is for a second term of five years.

This was made known in a statement by Senior Special Assistant to the President on Media and Publicity Mallam Garba Shehu.

The re-appointment, in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003, takes effect from July 1, 2022.

The statement said: “Her appointment for a second term was based on the significant achievements recorded by the DMO in the last five 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.

“Internally, Oniha introduced reforms to strengthen the DMO as a critical agency in the public finance ecosystem of the country.”

This article was originally published on Naija News