To promote a culture of savings and investment among Nigerians, the Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the opening of the FGN Savings Bond offer for September 2023.
The DMO noted that the opportunity empowers individuals to invest in their financial future with a promise of attractive returns.
”With a remarkably low minimum subscription of just N5,000, the FGN Savings Bond offers an inclusive platform for Nigerians from all walks of life to participate in the country’s economic growth.
”Whether you are a first-time investor or a seasoned one, this opportunity welcomes you to join the journey towards financial security and prosperity, the DMO said.
The government agency also stated that one of the critical advantages of the FGN Savings Bond is that the more you subscribe, the higher your returns.
”This incentivizes investors to consider allocating more savings towards this secure and rewarding investment avenue, the DMO noted.
Backed by the full faith and credit of the federal government, the FGN Savings Bond is reputed to be one of the safest investment options available.
Investors can expect interest payments every quarter, providing a consistent source of income.
The FGN Savings Bond also offers tax-free returns, and with tenors of 2 and 3 years, investors can choose the investment duration that suits their financial goals.
Subscribing to the FGN Savings Bond is also straightforward, making it accessible to novice and experienced investors.