The Debt Management Office (DMO) has renewed its call to Nigerians, especially retail investors in the country, to explore the opportunities availed by the FGN Savings Bond offerings and other securities for good returns on their investments.
The Director-General of the DMO, Ms. Patience Oniha, who gave advice on Thursday in Port-Harcourt, Rivers State, during the FGN Securities Issuance Awareness Programme, said the event was organized in collaboration with CSL Stockbrokers Ltd., the stockbroking firm for the Federal Government, to further enlighten the public on the benefits of the government’s debt instrument.
Oniha, who was represented by the DMO’s Deputy Director, Administration, Mr Alfred Ekiye, at the forum, stressed that investment in the FGN Securities held great potential for earning regular incomes by investors.
The debt management expert explained: “The risk-free nature of FGN securities made them an attractive and secure investment option for Nigerians.
“The different products provided by FGN Securities provided a rare opportunity for all Nigerians to invest based on their financial capacities.
“The Federal Government had introduced additional products to make it more inclusive and to meet the aspirations and demands of investors”, she added.
Oniha further clarified that Nigerians, irrespective of their financial status, were qualified to invest and get good and safe returns on their investments, adding that investing in the FGN Securities would also enable them to contribute to national development.
She said: “The purpose of this forum is to create more awareness on investment opportunities inherent in FGN Securities that the DMO offers to Nigerian investing public.
“It is particularly about the FGN Savings Bond, which is designed for retail investors. Investment in FGN Securities is one of the safest Naira investments that you can have; there is nothing to worry about in terms of security of the investment”, the Director-General assured.
In his remarks at the event, the Managing Director of CSL Stockbrokers Ltd., Mr Abiodun Fagbulu, explained that the government had been issuing various security instruments to raise funds to finance most public projects, especially on infrastructure assets
The investment expert listed some of the products as FGN security instruments as including the FGN Savings Bond, Nigerian Treasury Bills, FGN Sukuk and the Green Bond, adding that with just N5,000 an individual can invest in the FGN Savings Bond
