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DMO promises continued support to states on debt management


dmoABUJA – Dr Abraham Nwankwo, Director-General, Debt Management Office (DMO), on Sunday said the organisation would continue to support state governments to build the skills of debt management officers.

Nwankwo made the disclosure in an interview with the News Agency of Nigeria (NAN) in Abuja.

He said the DMO would be helping the states to build up their debt data on quarterly basis to ensure efficiency in debt management.

“We have a strategic programme that lasts up to 2017 and the strategic programme is for every year, the things we have to do every quarter is already specified.

“So everything we are supposed to do is in our strategic plan and we have met all of them.

“Among the other routine things that we have to be doing include that we continue with the programme we have with the states.

“We are working with the states to update their debt data on quarterly basis to train their staff on debt management, particularly since they have had staff movement in many states of the federation,’’ he said[eap_ad_2]

According to him, DMO will continue working with the states, visiting them and staying with them to retrain their staff and building a bigger reserve of capable debt management skills in all the states of the federation.

He assured the states that the office would continue to make sure that foreign loans that were negotiated were signed and the disbursement carried out according to plan.

This, he said, would help to provide the funds needed for the implementation of various projects they were meant for.

He commended the commitment and the interest of the states in establishing debt management offices.

“All the states are keen to continue improving on this, in general, all the states are doing well and they are continuing to improve,’’ he said. (NAN)[eap_ad_3]

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