The Debt Management Office (DMO) expressed satisfaction with the enthusiastic response of investors to its awareness program highlighting the advantages of investing in Federal Government of Nigeria (FGN) securities. Mrs. Jumai Saidu-Ahmed, the Team Leader of the Domestic Debt Unit at the DMO, commended the program’s impact on enlightening potential Nigerian investors about the benefits associated with FGN securities.
The awareness initiative, conducted in collaboration with CSL Stockbrokers Limited, the stockbroking firm of the Federal Government, has contributed significantly to educating investors on the lucrative investment opportunities offered by FGN securities. Saidu-Ahmed noted the increased response from investors to various FGN securities offerings, including the FGN bond, FGN savings bond, and the Sukuk, as evidence of the program’s effectiveness.
Saidu-Ahmed affirmed the DMO’s commitment to sustaining the awareness program, ensuring that individuals across the entire country can benefit from these investment opportunities. Ukwunna Ifeoma Ukwunna, Head of Retail Business at CSL, echoed the positive sentiment, stating that investors value information for safe investment decisions and the chance to engage with capital market operators on FGN securities issuances.
Encouraged by the program’s impact, Ukwunna highlighted the significant growth in capital raised from FGN savings bonds. The FGN Securities Issuance Awareness Programme, inaugurated in Lagos in March 2022, has since been successfully conducted in various cities across Nigeria, including Enugu, Ibadan, Kano, Yola, Umuahia, Gombe, Osogbo, Port Harcourt, Benin, Uyo, Asaba, Maiduguri, Abeokuta, and Makurdi.
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