DMO DG To X-ray Nigeria’s Public Debt

The director-general of the Debt Management Office(DMO), Ms Patience Oniha, will lead other market regulators to discuss the prospects of Nigeria’s public debt at the 2022 annual workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN).

The workshop scheduled to hold on December 3, 2022 in Lagos, is being organised by the association as part of its efforts to contribute to the development of the country’s capital market and economy.

The theme of the programme is: ‘Nigeria’s Public Debt and the Capital Market’ and the DG of  DMO is the guest speaker.

CAMCAN, in a release, said: “the workshop will be declared open by the director-general of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, who will be the special guest of honour, while the chief executive officer of the NGX Exchange, Mr Timi Popoola, the guest of  honour, will give more details how the exchange is  positioning itself as the  Africa’s investment window.

“The apex regulatory institutions in the Nigerian Capital market expected to grace the event include SEC, Nigerian Exchange Limited (NGX), FMDQ Exchange Limited, as well as other market operators.”

It noted that, “the managing director/CEO, FMDQ Exchange, Mr Bola Onadele, will bring perspectives on how the potential in the debt capital market can be unlocked to grow the economy.”

“Other dignitaries expected at the forum are: chairman of Association of Stockbroking Houses of Nigeria (ASHON), Mr Sam Onukwue and President of Chartered Institutes of Stockbroker (CIS), Mr Oluwole Adeosun. Also expected to herald the workshop are, the DMD UBA Group, Mr Muyiwa Akinyemi and the TGI Group, amongst others.”

According to the association, Oniha will also throw more light on the high-yielding opportunities in the Nigerian debt space, and how the country and corporates could tap into the opportunities that abound in the local market for infrastructure development funds.

“Equally, she is expected to further unveil opportunities for retail investors in debt investing, as well as the commitment of government in ensuring sound policies, and environment towards enhancing a vibrant local debt market,” it pointed out.