Debt Management Office Recruitment 2018 | Apply for DMO Jobs Online
DMO, Debt Management Office Recruitment 2018, This is to inform the general Public that Debt Management Office is welcoming applications from pleasantly qualified and Hardworking Nigerians to appoint for their job vacancies in 2018. Continue reading for full guidelines.
Debt Management Office Recruitment 2018
Debt Management Office Recruitment 2018/2019 – In this web page you will get first-hand information on Debt Management Office 2018 recruitment application form, Requirement, and guidelines on how to apply for DMO jobs.
Debt Management Office (DMO) 2018 recruitment has been envisioning in the nation till date. We’ve got various demands by hopefuls on different stages longing for accurate data about the 2018 Debt Management Office application frame. Numerous candidates have been making inquiries like;
- How Might I Apply for Debt Management Office 2018/2019?
- Where would i be able to acquire the 2018 Debt Management Office frame?
- Is the Debt Management Office 2018 Recruitment Form out?
- At this point when will Debt Management Office Recruitment begin?
- I require Debt Management Office Recruitment refresh, and so forth.
- Is Debt Management Office Recruitment Real for 2018 and so forth.
Gossipy tidbits have been spread that the Debt Management Office Recruitment 2018/2019 is out, some even give telephone numbers keeping in mind the end goal to be called by the guiltless Aspirants to offer the Debt Management Office Application Form in return for money or some other type of delight. PLEASE BE CAREFUL AND DON’T FALL A VICTIM
The key motivation behind the Debt Management Office enlistment is to make more occupations for Nigerian young people the two graduates and students. By so doing, joblessness in Nigeria will be controlled and progressed toward becoming the story of the past.
About Debt Management Office.
The DMO was established on 4th October, 2000 to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by a myriad of establishments in an uncoordinated fashion. This diffused debt management strategy led to inefficiencies. For instance, in the FMF alone, four different departments have functions for the management of external debt in the following format:
- External Finance Department: responsible for all Paris Club debts and for the management of public debt statistics;
- Multilateral Institutions Department: responsible for relationships with all multilateral institutions (excluding the African Development Bank and its subsidiaries such as ADF and the NTF, which is handled by the ABER Department). It is also responsible for managing and servicing multilateral debt;
- Africa and Bilateral Economic Relations (ABER) Department: responsible for liaising with the ADB and its subsidiaries, ECOWAS, and all non-Paris Club bilateral creditors;
- Treasury Department (OAGF): responsible for issuing mandate to the CBN for payment of all external debts;
- Foreign Exchange and Trade Relations Department: responsible for issuing reconfirmation for payment externalization to the CBN and for documenting repayment and servicing of external debts;
In the CBN, the following departments had some involvement with external debt
- Debt Management Department: responsible for the London Club debts consisting of trade debts, par bonds, and promissory notes;
- Debt Conversion Committee: responsible for managing various debt conversion options such as debt-for-debt, debt-for-equity, debt-for-export, debt-fornature, and debt-for-development; and
- Various departments: responsible for processing and effecting loan repayments on behalf of all the other agencies or departments of government listed above.
This diffusion in the management of public debt created fundamental problems, including the following:
Operational inefficiency and poor coordination;
- Inadequate debt data recording system and poor information flow across agencies with consequent inaccurate and incomplete debt records;
- Extreme difficulty in the verification of creditors’ claims due to conflicting figures from the various bodies handling the debt management function;
- Complicated and inefficient debt service arrangements, which created protracted payment procedure and often led to penalties that added to the nation’s debt stock;
- Inadequate manpower and poor incentive systems for the affected personnel, which affected outputs and performance;
- Lack of consistent well-defined borrowing policies and debt management strategies;
The consideration of these myriad problems led government to support the establishment of a relatively autonomous debt management office, which resulted in the formation of the DMO in October 2000. The need for the creation of a separate public debt management office was therefore aimed at achieving the following advantages:
- Good debt management practices that make positive impact on economic growth and national development, particularly in reducing debt stock and cost of public debt servicing in a manner that saves resources for investment in poverty reduction programs;
- Prudently raising financing to fund government deficits at affordable costs and manageable risks in the medium- and long-term;
- Achieving positive impact on overall macroeconomic management, including monetary and fiscal policies;
- Consciously avoiding debt crisis and achieving an orderly growth and development of the national economy;
- Improving the nation’s borrowing capacity and its ability to manage debt efficiently in promoting economic growth and national development;
- Projecting and promoting a good image of Nigeria as a disciplined and organized nation, capable of managing its assets and liabilities;
Providing opportunity for professionalism and good practice in nation building;
Applicants applying for the Debt Management Office recruitment must possess any of the following
- Possession of B.Sc, HND, NCE, OND in any discipline from a recognized institution
- West African School Certificate (WASC) or Senior Secondary School Certificate (SSSC) with Credits in not less than three (3) subjects including English and at least passes in two (2) other subjects; or
- National Examination Council (NECO)/General Certificate of Education (GCE) Ordinary Level with passes in four (4) subjects obtained at one sitting or five (5) subjects obtained at two sittings including English Language.)
- National Diploma (ND) obtained from a recognized institution. National Certificate of Education (NCE) from a recognized institution; or
General Certificate of Education (Advanced Level) in two (2) subjects obtained at one sitting or three (3) subjects obtained at two sittings.
How to Apply.
To ascertain if the Debt Management Office Recruitment http://www.dmo.gov.ng/ or Bookmark this page for we shall update anytime the Debt Management Office Recruitment form is out.
VITAL INFO! At this moment, Debt Management Office Recruitment is not however out online, DISMISS any sort of advert you come across. This article will be modernized once the recruitment form is out online.
That’s all on Debt Management Office Recruitment 2018. Make use of our comment box below for your questions.