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DMO partners NSE, Bloomberg to develop Nigeria’s infrastructure

DMO partners NSE, Bloomberg to develop Nigeria's infrastructure

The Debt Management Office (DMO) has said it was partnering with Nigerian Stock Exchange (NSE), Bloomberg and other relevant bodies to develop Nigeria’s infrastructure.

The debt office said the partnership became necessary to enable the country to raise capital by leveraging technology, which it said is one of the potentials in the forth industrial revolution.

DMO Director General, Patience Oniha, made the disclosure at the 2018 edition of the Nigerian Stock Exchange (NSE) Bloomberg CEO Roundtable on Tuesday in Lagos.

The programme gathered stakeholders from sectors such as the financial services, manufacturing, agriculture, telecommunications alongside capital market participants and other thought leaders to examine the present state of the Nigerian economy

Read also: China, foreign loans draining Nigeria’s blood –Duke

The stakeholders also shared their thoughts on the fourth industrial revolution economy and its implications for the Nigerian economy in view of it being a springboard for creating sustained growth.

Oniha, who was represented by the Head of Portfolio Management Department, Oladele Afolabi, said the effort would ensure that more Nigerians come out to save, thereby promoting investment inclusion and helping to contribute to the development of the nation.

“We want to have closer infrastructure gap and then enhance capital. Putting a lot of people in the market and making them to save helps us and helps advancement.

‘We are working with the Nigerian Stock Exchange, we are working witb Bloomberg, we are working with every other person that can help in bringing people to save, bringing all those funds under the pillows and under the matteressws to where they can help the country develop.

“You can get something on them and also develop the country, so it’s a win-win for everybody,” she said.

The DMO boss also added that the office was planning to introduce a mobile application to make investment easy and enhance accessibility of government securities.

 

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Olakoyenikan Oluwasegun