The Debt Management Office’s (DMO) awareness programme on Federal Government Securities is boosting investment in the sector, according to Ifeoma Ukunna, Head of Retail Business at CSL Stockbrokers Limited. Speaking in Port Harcourt at the FGN Securities Issuance Awareness Programme, Ukunna said that the programme has made ordinary Nigerians aware that investing in securities can be done with a minimum amount of funds. The aim of the programme is to drive awareness about investment opportunities that retail investors can invest in with as little as N5,000.
Ukunna stated that the DMO’s decision to go down to the grassroots across different states of the country to enlighten people about the different investment opportunities in FGN Securities was a good initiative. She added that, in an era where there are many Ponzi schemes, most retail investors, especially the youths, lack adequate information about investment opportunities, which is why the DMO decided to carry the information around the country.
FGN Securities are safe and have competitive returns and interest rates, according to Ukunna. She added that the profits on the investment are paid on time and in full. She emphasized that investing in FGN Securities is different from investing in Ponzi schemes and that it is an avenue for Nigerian youths to channel their hard-earned funds into secure investments and earn good returns.
Ukunna said that the effect of the awareness programme has been positive across various locations, and subscriptions are coming in from places where they were not getting responses in the past. The feedback has been encouraging, and more funds are being raised from the investment instruments, and there is more activity in the secondary market.
The awareness programme for 2023 flagged off in Gombe and has been taken to Osogbo, Osun State. Ukunna said that they were particularly encouraged by the large turnout and response from Osogbo, which is an indication that this initiative by the DMO has been worthwhile.
Investing in securities is an excellent way to invest your money and earn good returns. The DMO’s awareness programme is an excellent initiative that aims to educate people about the investment opportunities in FGN Securities. The programme has made investing in securities accessible to ordinary Nigerians with minimum amounts of funds. By raising awareness of the investment opportunities, more people can benefit from the scheme, and this will help to increase activity in the secondary market. The positive feedback from various locations indicates that the programme has been successful in raising awareness, and more people are investing in FGN Securities.