Investment in FGN securities profitable, risk-free — DMO

Written by on May 31, 2022

The Debt Management Office (DMO) says it is advisable for Nigerians to invest in the various Federal Government Securities, as they are profitable and risk-free.

The Director-General of the DMO, Patience Oniha, said this in an interview with the News men onTuesday in Abuja.

Oniha said the various Federal Government of Nigeria (FGN) Securities, apart from raising funds to finance government projects, also offered attractive investment opportunities for Nigerians.

According to Oniha, the Federal Government, through the DMO, issues the bonds and makes periodic interest payments to the investors, while the principal is paid at the end of each tenor.

She described the Sovereign Sukuk as a Sharia-compliant Security that represents interests of the owner in an asset or pull of assets.

The FGN Green Bond is a fixed-income security used to finance projects that have positive impact on the environment and to provide solution to climate change.

She added that Treasury Bills were short-term securities issued with tenors of 91 days, 182 days and 365 days.

The DMO is currently embarking on awareness drive to educate retail investors across the country on the benefits of investing in the various FGN Securities.

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