The DMO said the federal government was trying to identify and plug existing revenue leakages to enhance tax compliance and reduce evasion.
President Muhammadu Buhari has approved renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of 5 years
“The issue of debt has become topical in Nigeria that sometimes it almost looks as if borrowing is an offence or a crime,” said Ms Oniha.
The DMO had earlier revealed that the country’s debt stock as of September 2021, was N38 trillion.
Investors need only N5,000 to subscribe, while the maximum amount for subscription is N50 million.
“The Eurobond, which was issued in September 2021, was oversubscribed to the tune of $12.2 billion and was described as one of Africa’s most successful…”
The Debt Management Office (DMO) says its latest offer of N250 billion sovereign Sukuk, the fourth in the series, would be deployed to three benefitting ministries.
Patience Oniha, the Director-General of DMO, said the Nigerian government takes “very sensitive steps” before contracting foreign loans.
