On Thursday in Uyo, the Debt Management Office informed Akwa Ibom investors on the investment opportunities available in FGN Securities.
Ms Patience Oniha, Director-General of DMO, stated in her remarks that FGN Securities were safe, secure, and risk-free for investors.
Oniha, who was represented by Mr. Monday Usiade, Director, Market Development Department, DMO, mentioned FGN Securities such as Nigerian Treasury Bills, FGN Sukuk Bonds, Green Bonds, and FGN Saving Bonds, among others.
She stated that the sensitization was important in order to promote the FGN Securities investment options to the Nigerian people.
She urged Akwa Ibom investors to take advantage of the various investment opportunities and invest in FGN Securities because doing so was risk-free and tax-free.
“We are in Akwa Ibom today as part of our market development initiatives to bring the public awareness campaign on FGN Securities.”
“We have been travelling around the country to all of Nigeria’s senatorial districts and major cities to educate the investment public and Nigerian citizens on all of the benefits and purposes of FGN Securities.”
“We sell FGN Securities to fund the government, particularly to finance deficits and to build infrastructure and other projects.”
“We also want every Nigerian to participate in the development of the country,” she added.
The director-general also revealed that, since 2017, the Federal Government has raised around N762 billion in sukuk funds, using which it has restored and constructed 3,900 kilometres of roads across the country.
She went on to say that the sukuk fund, which is part of FGN Securities, has increased commercial activities to stimulate investment, with over 300,000 employment generated.
“Since 2017, we have been issuing sukuk bonds and have raised up to N762 billion, all of which has been devoted solely to road rehabilitation and construction.”
“According to the Federal Ministry of Works, 3,900 km of roads have been rehabilitated or built.”
“For example, the Ikom bridge was built with sukuk funds, and we are proud to say that it has facilitated movement and promoted commerce.”
“Investors and businessmen spend far less time on roadways.
“Every Nigerian can see the project and attest to the fact that the sukuk project is working, and we are proud to say that this is a Federal Government initiative through DMO.”
“According to the Federal Ministry of Works, over 300,000 jobs have been created through the sukuk fund, and we intend to do more,” she stated.
Speaking at the event, Mr Abiodun Fagbulu, Managing Director of CSL Stockbrokers Limited, the Federal Government’s stockbroking firm, urged Akwa Ibom residents to diversify their investments and invest in FGN Securities, the safest form of investment.
Mrs Foluke Samuel, Lead Sales, Northern Region, CSL Stockbrokers, represented Fagbulu, who stated that the FGN savings Bond was meant to accommodate low-income earners, with a minimum investment of N5,000 and a maximum of N50 million.
He stated that the goal of the sensitization campaign was to bridge the gap and transform people’s perceptions about investing in FGN Securities because the profits were assured.
“We are the official government stockbrokers for DMO, and we are here to raise awareness about FGN Securities.”
“We have been travelling from state to state to educate the investing public, particularly retail investors, on the benefits of investing in FGN Securities.”
“I want to tell every investor that there are opportunities; what most of us lack is knowledge, which is why we are sensitising Akwa Ibom people,” he added.
One of the participants, Mr Daniel Udoh, praised the DMO and CSL Stockbrokers for the awareness event in an interview with the News Agency of Nigeria (NAN).
Udoh stated that he had learned how to diversify and invest in FGN Securities, which he described as a safer way to invest in the country.
According to NAN, the awareness programme drew participants from the state’s 31 local government areas. (NAN)
