DMO Says FGN Securities Are Risk-free Investment Opportunities

The Debt Management Office (DMO) has assured Nigerians that the various Federal Government Securities were safe, risk-free and offered good returns on investment.

The Director-General of the DMO, Patience Oniha said this on Thursday at the FGN Securities Issuance Awareness Programme in Gombe State.

The programme was held in collaboration with the stockbroking firm for the Federal Government, CSL Stockbrokers Limited.

According to Oniha, who was represented by Mr Sani Abubakar, Head, Policy Strategy and Risk Management Department, DMO, FGN Securities are backed by full faith and credit of the Federal Government of Nigeria

She added that they were default risk-free.

She said they offered instead opportunities that guarantee profitable returns without any fear of investors losing their investments.

According to her, investors under the FGN Securities do not need to panic as they get their dividends as and when due.

“You can use them as collateral to obtain loans from banks and other financial institutions, and they help in diversification of investment portfolio.

“They are also a source of steady income, as investors’ interests are paid every six months or every three months, and they are tradable on the stock exchange, ” she said.