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  • News - North Central - FCT
  • Updated: June 30, 2022

Buhari Re-Appoints Patience Oniha As DG DMO

President Muhammadu Buhari has re-appointed Patience Oniha as the Director-General (DG) of the Debt Management Office (DMO) for another five-year term. 

The president's Senior Special Assistant on Media and Publicity, Garba Shehu made this known in a statement on Thursday.

According to the statement, the renewal of her appointment takes effect from July 1, 2022.

The president noted that Oniha's reappointment was based on the development she has recorded in her first term in office.

“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 added that her reforms were what strengthened the Debt Management Office.

 

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