FG to issue more bonds to provide opportunities – DMO
As Nigeria continues to savour the success of its maiden Diaspora bond and prepares for the issuance of its first-ever sovereign Sukuk, the Federal Government yesterday 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.
Director-General, Debt Management Office (DMO), 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.
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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