Director–General of the Debt Management Office (DMO), Patience OnihaThe federal government will implement prudent fiscal and debt management in the coming years to reduce the nation’s debt cost, the Debt Management Office (DMO) has said.
Ms. Patience Oniha, the DMO Director-General, made this assertion on Thursday in Lagos.
Oniha spoke at the listing of the FGN 30 year 1.5 billion dollars Euro Bond and FGN 10 year 1.5 billion dollars Euro Bond on the Nigerian Stock Exchange (NSE).
Other bond listed was FGN 5 Year 300 million dollars Diaspora Bond.
Oniha said that government would rebalance its debt and international debt portfolio to 60:40 split in the coming years.
She said that government was listing some of the securities issued in the international capital market in 2017 on the NSE because of the role of Nigerian capital market in economic development.
“We have already listed N1.5 billion early in the year, and we are coming toward the end of the year to list 3.3 billion dollars Euro Bond.
DMO Director-General says federal government will reduce borrowing cost
