{"id":28817,"date":"2021-03-12T01:51:08","date_gmt":"2021-03-12T00:51:08","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=28817"},"modified":"2021-10-07T00:24:25","modified_gmt":"2021-10-07T00:24:25","slug":"dmo-flays-nigerias-debt-servicing-to-revenue-ratio","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/dmo-flays-nigerias-debt-servicing-to-revenue-ratio\/","title":{"rendered":"DMO flays Nigeria\u2019s debt servicing to revenue ratio"},"content":{"rendered":"<p>Moses Uwagbale<\/p>\n\n\n<p>The Debt Management Office (DMO) has decried the country\u2019s debt service to revenue ratio, describing it as a major issue of concern.<\/p>\n\n\n<p>Mrs Patience Oniha, the Director-General of DMO, said this in Abuja on Thursday at the fifth Budget Seminar (webinar) organised by the Securities and Exchange Commission (SEC).<\/p>\n\n\n<p>The theme of the budget seminar was, \u201cFinancing Nigeria\u2019s Budget and Infrastructure Deficit through the Capital Market.\u201d<\/p>\n\n\n<p>Oniha stressed the need for infrastructure built with borrowed funds to generate revenue to service the debts.<\/p>\n\n\n<p>According to her, we have done the Sukuk, for instance, but government is the one servicing the debt of those Sukuk.<\/p>\n\n\n<p>\u201cThey (the debts) are not being serviced with revenue from those sources (infrastructure).<\/p>\n\n\n<p>\u201c I think that when we are talking about those innovations like revenue, bonds and all that, we should be talking about policies to ensure that the projects that we financed generate revenue,\u2019\u2019 she explained.<\/p>\n\n\n<p>Dr Afolabi Olowookere, the Head of Economic Research and Policy Management Division of SEC, said the current system where government appeared to be the major financier of infrastructure projects was unsustainable.<\/p>\n\n\n<p>Olowookere suggested that adequate cost recovery system be adopted for any infrastructure to be revenue generating.<\/p>\n\n\n<p>\u201cOne major source for financing infrastructure is Public Private Partnership.<\/p>\n\n\n<p>\u201cGovernment must formulate policies and incentivise the development of domestic public debt markets,\u2019\u2019 he said.<\/p>\n\n\n<p>Mr Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange (NSE), said the exchange was ready to support economic development in the country through infrastructural products.<\/p>\n\n\n<p>Onyema said that it would work with supply and demand side to create the needed environment at the exchange for infrastructure development.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-28817\" data-postid=\"28817\" class=\"themify_builder_content themify_builder_content-28817 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Moses Uwagbale The Debt Management Office (DMO) has decried the country\u2019s debt service to revenue ratio, describing it as a major issue of concern. Mrs Patience Oniha, the Director-General of DMO, said this in Abuja on Thursday at the fifth Budget Seminar (webinar) organised by the Securities and Exchange Commission (SEC). The theme of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[206],"class_list":["post-28817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-money","tag-debt","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DMO flays Nigeria\u2019s debt servicing to revenue ratio - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/dmo-flays-nigerias-debt-servicing-to-revenue-ratio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DMO flays Nigeria\u2019s debt servicing to revenue ratio - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Moses Uwagbale The Debt Management Office (DMO) has decried the country\u2019s debt service to revenue ratio, describing it as a major issue of concern. 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