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The attention of the Debt Management Office (DMO), has been drawn to statements and reports credited to several persons on the subject of Loans obtained from China and has considered it necessary to provide a sequel to its Press Release on the same subject dated September 11, 2018.
The Debt Management Office (DMO) which is the agency of the Government charged with the management of the public debt, has in its almost twenty (20) years of existence supported the Federal Government of Nigeria (FGN) by raising funds to finance various capital projects as approved in the Appropriation Acts. Whilst performing this role, the DMO has been pivotal in the development of the domestic financial markets and is credited with the introduction of new products, such as Sukuk and Green Bonds. This is in addition to issuing long-tenored FGN Bonds to enable project financing not only for the FGN but also for State Governments and Corporates.
The Debt Management Office (DMO) working with Citibank organised a virtual meeting between Nigeria’s economic managers (The Federal Ministry of Finance, Budget and National Planning (FMFB&NP) and the Central Bank of Nigeria (CBN) and Institutional Investors across the continents of the world. The Meeting was held on June 23, 2020.