Invest in Govt securities to secure your finances — Stockbroker

A Stockbroker, Mr Fortune Ibe, has advised Nigerians to embrace the idea of investing   in Federal Government of Nigeria (FGN) securities to secure their finances.

Ibe, a personel of CSL Stockbrokers Limited, which is the stockbroker of the FGN, said this in an interview with journalists on Tuesday in Kano.

He spoke on the sideline of the FGN Securities Issuance Awareness Programme organised by the Debt Management Office (DMO), in collaboration with CSL.

Ibe said that retail investors were particularly targeted in the current awareness that was being created around the products because they had been left out in the past.

“The FGN savings bond is an additional means through which ordinary Nigerians can make money.

“It is a risk-free, secure investment that guarantees investors decent returns on investment, and there are no fears of default,” he said.

Ibe said that the various investable products under the FGN securities were backed by full faith and credit of the Federal Government and charged upon the general assets of the country.

“FGN securities are viable collateral for obtaining bank loans, and investors can use them to diversify their portfolios

“They are also a source of steady income, and they can be easily resold at any time,” he said.

He said that they also encouraged other private institutions to issue their own securities, so as to enhance savings and investment opportunities for citizens.

“The existence of FGN securities serves as a benchmark for other private institutions to issue their own securities.

“They also attract foreign investment into the domestic financial market, to refinance maturing domestic debts and to diversify sources of funding for the Federal Government,” he said.

He urged residents of Kano to embrace the products and enjoy the benefit of secure, risk-free investment.