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
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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

In compliance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003, President Muhammadu Buhari has approved Patience Oniha’s nomination to a second term of five years as the Director-General of the Debt Management Office (DMO).

Beginning on July 1, 2022, the renewal is in force.

The DMO’s decision to select her for a second term was based on the noteworthy accomplishments the organization made during her leadership during the previous five years.

The creation of Sukuk and Green Bonds to finance the construction of infrastructure where there is a critical need is one of the accomplishments.

Under her direction, the DMO introduced long-term Bonds with tenors of 30 years in the local and foreign markets as part of the attempts to improve the sustainability of the public debt and open up channels for generating long-term funding for corporate.
Along with this, the FGN Bond Market has attracted a variety of investors, including retail investors.

Oniha implemented internal improvements to support the DMO, a vital organization in the nation’s public finance ecosystem.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022

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