FG bonds: DMO partners with NSE to encourage investors

Nwankwo said that DMO would work with other institutions, both in public and private sector, to strategise and produce maximum results for the nation's  economy.

The Debt Management Office (DMO) and the Nigerian Stock Exchange (NSE) on Monday restated commitment to work together to deepen retail investors participation in the  Federal Government bonds.

Dr Abraham Nwankwo, the DMO Director-General, made the disclosure during a courtesy visit to the exchange and sounding the closing gong at NSE in Lagos.

Nwankwo said there had been efforts since 2012 to ensure that the Federal Government bonds were democratised for retail investors to participate.

He said that the organisation appointed Stanbic IBTC Stockbrokers to assist in the democratisation of the initiative to ensure that its services were not only for the upper class.

"We wanted Stabic IBTC to assist us in making sure that every retail investor with little money can also participate in the investment thereon.

''The NSE is not an elitist platform for only those who are millionaires and billionaires, but also for  those with little money like N10,000 to invest in the government bond and have it listed on the NSE," Nwankwo said.

He said that the move had yielded some positive results, noting that the visit to the NSE was part of continue engagement in ensuring that more retail investors invest and trade in the bonds.

“The job is to encourage  retail investors  to buy Federal Government bonds and have their bonds traded on the NSE just as big investors," the DMO director-general said.

Nwankwo said that DMO would work with other institutions, both in public and private sector, to strategise and produce maximum results for the nation's  economy.