Invest in FGN securities, DMO advises Nigerians

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Port Harcourt, May 11, 2023 – Patience Oniha, the Director-General of the Debt Management Office (DMO), has advised Nigerians to take advantage of FGN securities to invest and earn regular income.

Oniha, who gave the advice on Thursday in Port-Harcourt during the FGN Securities Issuance Awareness Programme, said the FGN securities were safe investment tools for retail investors.

The DMO Chief was represented by Alfred Ekiye, the Deputy Director (Administration) in the DMO.

She said that the awareness programme was organised in collaboration with CSL Stockbrokers Ltd., the stockbroking firm of the Federal Government.

Oniha said that the products offered under the FGN securities provided rare opportunity for all Nigerians to invest based on their financial capacities.

She said the risk-free nature of FGN securities made them attractive as secure investment options 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 said.

She said the FGN securities were attractive as they provided citizens with the opportunity to contribute to national development.

“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,” she said.

The DMO boss said the awareness programme would be taken round the country to educate Nigerians on savings instruments offered by the Federal Government.

Abiodun Fagbulu, the Managing Director of CSL Stockbrokers Ltd., said the Federal Government was issuing various security instruments to raise funds to finance most of its projects.

He listed some of the products as FGN Bond, FGN Savings Bond, Nigerian Treasury Bills, FGN Sukuk and the Green Bond, adding that with as little of N5,000 you can invest in the FGN Savings Bond. (GBN)