Saturday, November 26, 2022

Buhari reappoints Patience Oniha as DG, DMO

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Ibrahim Ramalan
Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via [email protected], or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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President Muhammadu Buhari has approved the renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office, DMO, for a second term of 5 years.

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.

He said: ”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 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 also stated that, internally, Mrs Oniha introduced reforms to strengthen the DMO, as a critical agency in the public finance ecosystem of the country.

NAN

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