Goddy Egene writes on the renewed efforts by the Debt Management Office to create more awareness on the Federal Government of Nigeria Savings Bonds and grow patronage by retail investors
When the Debt Management Office (DMO) launched the Federal Government Savings Bond (FSB) in March this year, one of the major objective was to ensure that retail investors enjoy the benefits of bonds issued by the federal government. While the Federal Government of Nigeria (FGN) bonds give regular returns on investments, retail investors have remained shut out due to huge amount required to invest in the bonds. Hence, only institutional and high networth investors have been enjoying the benefits of the bonds. However, in order to allow retail investors enjoy some of the benefits in bonds, the DMO last March launched the FSB.
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