The Debt Management Office, DMO, has urged sub-national entities in Nigeria to ensure effective debt management practices to ensure sustainable economic development.
The Director-General of the DMO, Patience Oniha, gave the advice at a World Bank assisted workshop on “Borrowing Guidelines for Top Policy Makers ” in Lagos.
Oniha said the workshop was informed by the need for sub-national governments to understand that the country operated one economy, with actions of one level of government affecting the other.
She called for prudent utilisation of borrowed funds
“The other part of the story is using the money well and making sure that you can manage your debt in a sustainable manner.
“The reason we want…