FGN Securities enable investment opportunities for Nigerians – DMO
The Debt Management Office (DMO) says FGN Securities provides a rare opportunity for ordinary Nigerians to invest and earn regular income.
Director-General of the DMO, Patience Oniha, said this at the FGN Securities Issuance Awareness Programme in Umuahia, Abia state, north east Nigeria.
The awareness programme is a collaborative effort by the DMO and CSL Stockbrokers Ltd., the stockbroking firm of the Federal Government.
Oniha, who was represented by Mr Joe Ugoala, DMO’s Director, Organisational Resources Department, said the risk-free nature of FGN securities made them particularly attractive to the common people.
She urged residents of Umuahia to take full advantage of the opportunity to diversify their investments, while also supporting the Federal Government to raise revenue for infrastructural projects.
She said that investors could access their funds anytime they liked as “government cannot default in payment”.
“FGN securities are backed by the full faith and credit of the Federal Government, and that greatly reduces risk of loss of capital, ” Oniha said.
Earlier, Ifeoma Ukwunna, Lead, Retail Business, CSL Stockbrokers Ltd., said investment in FGN securities would give Nigerians the opportunity to earn passive income from their idle funds.
Ukwunna said that the security instruments provided opportunity for investors to diversify their investment portfolios across asset classes, thereby reducing risk of loss of investment.
“They are very liquid, almost as good as cash, and can be sellable anytime the investor wants, ” she said.
She said particularly, the FGN Savings Bond had incentive for retail investors.
“With as low as N5,000 Nigerians can invest in the FGN savings bond designed to accommodate the common man in the financial market, and encourage financial inclusion, ” she said.
Ukwunna urged interested investors to contact their stockbrokers or banks for further information.