Nigeria making steady economic progress amid reforms – DMO D-G

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By Olawunmi Ashafa Dr Patience Oniha, Director-General, Debt Management Office (DMO), says Nigeria is on a steady path of economic recovery, driven by fiscal reforms, improved credit ratings, and targeted investments in infrastructure and environmental sustainability. Oniha said this at an investors meeting for the Series III Sovereign Green BondContinue Reading

Diversifying investment portfolio, infrastructure development via Sovereign Sukuk

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By Kadiri Abdulrahman With the rapid growth of Nigeria’s population and the attendant need for development, it has become imperative for government to build infrastructure at minimal cost. Stakeholders posit that bad infrastructure is one of the country’s biggest roadblocks to smooth corporate operations and capital inflows. They say theContinue Reading

DMO declares N1.09trn Sukuk proceeds

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By Kadiri Abdulrahman The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said this on Wednesday in Lagos, during “an all parties meeting”Continue Reading