JUST IN: Buhari re-appoints Oniha as DMO Boss | Pegars

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JUST IN: Buhari re-appoints Oniha as DMO Boss

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President Muhammadu Buhari has approved the re- of Patience Oniha as -General of the Debt Management Office (DMO) for a second term of 5 years.

This is in accordance to IV (9-i) of the Debt Management Office ( ETC) Act, 2003.

According to a statement issued by Assistant to the President on Media and Mallam Garba Shehu, the renewal takes effect from July 1, 2022.

“Her appointment for a second term was on the significant achievements by the DMO in the last 5 years, under her leadership.

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“Amongst the achievements are the introduction of Sukuk and to the of infrastructure where there is a huge gap.

“Under her watch, as part of the to improve the sustainability of the debt and opening up avenues for long term funds for corporates, the DMO introduced long term Bonds with tenors of 30 years in the domestic and markets.

“This is aside from attracting diverse investors including investors to the FGN Bond .

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

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