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Buhari reappoints Patience Oniha as DMO DG

Buhari reappoints Patience Oniha as DMO DG
June 30
18:39 2022

President Muhammadu Buhari has reappointed Patience Oniha as the director-general of the Debt Management Office (DMO).

In a statement on Thursday, Garba Shehu, senior special adviser to the president on media and publicity, said the reappointment was in accordance with section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003.

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

“Her appointment for a second term was based on the significant achievements recorded by the DMO in the last five years, under her leadership,” the statement reads.

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“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.

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

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