DMO encourages residents to invest in FGN securities
The Debt Management Office (DMO) has urged the people of Niger State to consider investing in Federal Government of Nigeria (FGN) securities.
This call to action was made during a public awareness event held in Minna, which was a collaborative effort between the DMO and CSL Stockbrokers Group.
The Director-General of the DMO, Patience Oniha, whose message was conveyed by the Head of the Strategy Programme Department at DMO, Ms. Elizabeth Ekpeyong, emphasised the safety of investing in FGN securities.
Oniha assured potential investors that their capital would be secure, highlighting that such investments are protected by law and carry no risk of loss.
The DMO’s initiative aims to bolster the financial future of Niger State residents by presenting FGN securities as a reliable investment option that not only preserves wealth but has the potential to increase it. The event underscored the government’s commitment to fostering economic growth and financial literacy among its citizens.
Investors were reassured of the stability and legal backing of these securities, making them an attractive option for those looking to secure their financial future.
The DMO’s outreach is part of a broader strategy to deepen the domestic bond market and encourage local investment in government-backed securities.
“Investing in Federal Government securities and bonds will increase you financially, and it is the best way to invest your money.
“You are not going to lose anything as long as the federal government is concerned,” she said.
She said that such investment would also help the federal government raise more funds to attract more foreign investors into the country.
Oniha advised the public to invest in the government securities and bonds facilities, as they serve as lifetime financial security for the future.
Managing Director, CSL Stockbrokers Limited, Mr Abiodun Fagbulu explained that the federal government securities were financial instruments issued by the DMO on behalf of the government.
Fagbulu, who was represented by Lead Sales, Northern Region of CSL, Mrs Foluke Samuel assured that the facilities were safe because the federal government was serving as the insurance cover for any investor.
“FGN securities are backed by law, so when you invest, you get a steady flow of income,” he said.
He said that the facilities included the Nigeria treasury bills, FGN bonds, FGN savings bonds, the Sovereign Sukuk and FGN green bonds.
Reacting, Mr Anthony Akuh, a business man and participant, said that he had no knowledge of the securities and bonds but for the opportunity of the awareness programme.
Akuh commended the DMO and CSL for bringing the awareness programme to Minna.
“I will approach a stockbroker immediately for possible investment,” he said.
Recall the programme which was inaugurated in Lagos in March 2022, rounded up its 2023 outing in Minna.
It had also been held in Enugu, Ibadan, Kano, Yola, Umuahia, Gombe, Osogbo, Port Harcourt, Benin, Uyo, Asaba, Maiduguri, Abeokuta and Makurdi.
