The Lagos State Debt Management Office, Thursday, has trained its staff in capacity building to bridge the knowledge gap about bonds and fixed income instruments.
The two-day capacity training programme was tagged: “Debt Instrument: Maximising Benefits and Incentives”.
In her remarks, the Permanent Secretary, Debt Management Office, Mrs. Rukayat Alake Sanusi, explained that the workshop would provide an up-to-date market knowledge on the instruments and players in the Money and Capital Markets.
Sanusi stated that the workshop will dwell on in-depth customised training for selected staff of the Debt Management Office (DMO) saddled with the responsibility to prudently manage Lagos State’s debt profile as well as source financing for the government’s infrastructural projects.
Appreciating the Governor Babajide Sanwo-Olu for approving the training, the Permanent Secretary acknowledged his commitment to continued training and retraining of staff to ensure that they imbibe global best practices.
She added: “The world is moving at a fast pace and we cannot afford to lag behind. In recent years, the Bond Markets have witnessed significant changes and developments and Lagos State has been a part of the growth given its debt issuance programme in the Capital Market.”
She further commended the facilitators, NGX Academy, for their collaboration with the State Government while expressing hope that they will continue to partner with the Office in its capacity-building drive for staff.
Speaking on behalf of NGX, the Head of X Academy, Ms. Ugochi Obi, expressed her organisation’s passion for training and commended the Lagos State Government for being at the forefront of Debt Issuance in Nigeria.