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Govt, UK welcome debt management ties

13 January 2014, 17:03Augustine Osayande

Abuja - Vice President, Mohammed Namadi Sambo, hailed the longstanding partnership between the United Kingdom Department for International Development (DFID) and the local Debt Management Office.

Disclosing the receipt of reports on the 15 years of the strategic partnership, Sambo described the ties as a case of successful government-government partnership.

The report is titled, “Fifteen Years of UK Partnership with Nigeria on Debt Management: Lessons for DFID Wider Approach to Building Capacity and Fourteen Years of Strategic Partnership between the DFID and DMO-Nigeria.”

“The partnership exemplifies the way a Nigerian agency should maximize the benefits from a development partner’s support,” said Sambo.

The Minister of Finance, Ngozi Okonjo-Iweala, who recalled the significant activities leading to the establishment of the DMO, indicated the collaborative efforts between the DFID and Nigeria had been successful and produced a first-rated agency on debt management in Africa.

Director-General of DMO, Abraham Nwankwo, said the report was an assessment of the strategic partnership between the two agencies.

Meanwhile, British High Commissioner to Nigeria, Andrew Pocock, said that the report presentation was a genuine and lasting Nigerian achievement and an indication of a strong partnership been the two countries.

“Nigeria is now sharing its expertise with other African countries on debt management,” he added.

Among other dignitaries present at the event included the Chairman of the Senate Committee on Local and Foreign Debt, Ehigie Edobor Uzamere, the Chairman of the House of Representatives Committee on Aids, Loans and Debt Management, Adeyinka Ayantunji Ajayi, and top government officials.

– CAJ News

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