The Debt Management Office (DMO) and Nigerian Stock Exchange (NSE) has agreed on greater collaboration to ensure bond market development and economy growth.
The director-general of DMO, Dr Abraham Nwankwo, who disclosed this in Lagos said that the Nigerian economy is proud of the NSE taking into account the volatility in the global and local stock market, since 2012, saying “It takes the strength of the stock exchange for us to be on course.”
He stated that in 2012, the DMO listed an outstanding of about N72 billion worth of FGN bond and today that has multiplied over eighth times to about N5.8 trillion listed as an outstanding FBN bond on the NSE.
He assured that the DMO will do all within and outside its mandate to serve as a bridge in ensuring that the NSE has access to deliver on its various initiatives for the growth of Nigeria economy. He also noted that in the next couple years, given the focus of the present administration of President Mohammadu Buhari, the Nigeria economy is bound to demonstrate its resilience as it looks to establish itself on the path of sustainable growth.
Nwankwo emphasised that the DMO want to collaborate with other institution, especially the private sector, to enable it strategise and produce maximum results for the Nigeria economy.
Source : Leadership