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Updated: March 12, 2021

Projects Must Generate Revenue To Service Its Debt – DMO

By Jide Alawode
March 12, 2021
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The Debt Management Office has warned the federal government to focus on infrastructure projects that will generate enough revenue to service its debt.

Patience Oniha, the Director-General of DMO, said this in Abuja, Thursday at the fifth Budget Seminar organized by the Securities and Exchange Commission (SEC) titled “Financing Nigeria’s Budget and Infrastructure Deficit through the Capital Market.”

The DMO chief emphasized the need for projects raised for debt to be able to finance themselves, citing debt securities like the Sukuk, which is still serviced by the FG.

“They (the debts) are not being serviced with revenue from those sources (infrastructure)," Oniha said

“ I think that when we are talking about those innovations like revenue, bonds, and all that, we should be talking about policies to ensure that the projects that we financed generate revenue,” she said.