DMO assures lucrative returns for investors in FG’s Securities
Prospective investors in Federal Government of Nigeria (FGN) securities have been assured of profitable yields on their investments by the Debt Management Office (DMO).
The DMO recently held an awareness program in Maiduguri, the capital city of Borno, to educate prospective investors about the benefits of investing in FGN securities.
The program, organised jointly by the DMO and CSL Securities Limited, aimed to inform Nigerians about safe investment opportunities in FGN securities.
The Director-General of the DMO, Patience Oniha, emphasised that investing in FGN securities is the safest way for Nigerians to grow and diversify their finances.
Oniha, who was represented by Deputy Director of the DMO’s Policy and Risk Management Department, Mr Abubakar Sani, highlighted that FGN securities not only provide profitable yields for investors but also contribute to the development of the local financial market and promote financial inclusion.
Investing in FGN securities is seen as a secure option for Nigerians looking to grow their wealth. The DMO’s assurance of profitable yields on these investments aims to encourage more people to consider this avenue for financial growth and diversification.
She said that they were backed by full faith and credit of the Federal Government of Nigeria and were default risk-free.
“One function of these FGN securities is to raise capital to finance deficits in the budget and also to raise funds to execute critical infrastructure projects.
“The Federal Government of Nigeria securities also contribute to the development of the domestic capital market, and they serve as a benchmark for other private institutions to issue their own securities.
“The idea of getting more Nigerians to invest in government securities is to also promote and encourage financial inclusion,” she said.
The Managing Director, CSL Stockbrokers Limited, Mr Abiodun Fagbulu, said that FGN securities were designed to accommodate all categories of Nigerians.
Fagbulu, represented by Mr Richard Akinmoladun, Head, Property Trading at CSL, said that government securities also enhanced the savings and investment opportunities of the populace.
He described FGN securities as financial instruments issued by the DMO on behalf of the Federal Government.
He listed the various investment platforms to include FGN bond, FGN savings bond, treasury bills, the green bond, and the Sukuk bond.
He said that the FGN savings bond was specifically designed for the retail investors to benefit, thereby promoting financial inclusion.
Fagbulu urged residents of Maiduguri to take advantage by investing massively in FGN savings bond, which had a minimum subscription of N5,000.
“The FGN savings bond was particularly designed to encourage Nigerians across all social status, thus promoting financial inclusion.
“The idea is to enable retail investors, who are mainly low income earners, also benefit from the investment opportunities in FGN securities.
“Federal Government of Nigeria securities are mostly fixed-income instrument under which the government is obliged to make payments of a fixed amount on a fixed schedule, once or twice a year, and repay the principal amount on maturity.
“Investors in fixed-income securities are, therefore, guaranteed a constant and secure return on their investments,” he said.
