Vice President, Namadi Sambo has commended the Debt Management
Office (DMO) for successfully floating the $1billion Euro Bond, and directed
that proceeds from there should be channelled towards specific projects meant
to touch the lives of Nigerians.
Speaking at the State House, Abuja, when he chaired the 14th
meeting of the Supervisory Board of the DMO, Sambo stressed that Nigerians
should feel the impact of the success in terms of investments in road and rail
construction, oil and gas, power, healthcare delivery, education and
agriculture.
The vice president also commended the plan of the DMO to
construct its head office, using the Public Private Partnership (PPP)
initiative of the federal government.
The Director-General of DMO, Abraham Nwankwo, had disclosed
that based in the success of the Euro Bond which was fully subscribed to, the
Office was making efforts to float a $100 million Diaspora Bond.
Nwankwo also stated that the building of DMO’s official
headquarters project, which would require zero financial contribution from
government, has already got a ‘no objection’ certificate from the
Infrastructure Concession and Regulatory Commission (ICRC).
According to him, partnering with the PPP initiative would be
done through competitive bidding in line with government regulations.
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