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  • 1 year ago
Categories: InvestmentsNews

FG To Issue More Innovative Bonds

The maiden Diaspora bond was highly successful and as Nigeria prepares for the issuance of its first-ever sovereign Sukuk, the Federal Government has affirmed that it will explore issuance of more innovative bonds to provide opportunities for all segments of populace to participate in the national economic development.

The Director-General, Debt Management Office (), Dr. Abraham Nwankwo yesterday at the Nigerian Stock Exchange (NSE) said the government would continue to open up new windows of opportunities for all segments of the people through its bond issues.

According to The Nation, Nwankwo was granted the honour of beating the closing gong in commemoration of his retirement from the DMO. Nwankwo  will be retiring as the D-G of DMO on June 30, 2017 having spent 10 years as the head of the agency.

“We are going to continue opening new windows so that we give options to the government, private sector and investors, and such that we make sure that all segments of economy have opportunities to participate in the capital market for the growth and development of the economy,” Nwankwo said.

He noted that providing wide-ranging alternative investments through its bond issues is in line with the government’s commitment to make sure that the economy recovery and growth that will be achieved this time round will be inclusive.

 

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FG To Issue More Innovative Bonds was last modified: June 22nd, 2017 by Obiageli Asika