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DMO resumes FG’s monthly savings bond offer

* Says earlier Offer hampered by Covid-91

From NDUKAIHE UGWU, Abuja-
 
As the federal government begins efforts to kick-start the economy in the aftermath of the paralysis brought about by the Covid-19 pandemic, the Debt Management Office (DMO) has announced the resumption of its Offer of the Federal Government of Nigeria Savings Bond (FGN Savings Bond) effective this month.
 
In a statement made available to newsmen by the agency in Abuja today, a copy of which AbeyaNews obtained, DMO urged the general public to look out for the advert of the offer for subscriptions in various newspapers and the DMO’s website.
 
“The Debt Management Office (DMO) wishes to announce the resumption of its offer of the Federal Government of Nigeria Savings Bond (FGN Savings Bond) effective August 2020.
 
“The DMO was constrained to suspend the monthly offers of the FGN Savings Bond in April due to the restrictions on activities and movement as part of measures adopted by the government to curtail the spread of COVID-19.
“The general public is invited to look out for the advert of the Offer for Subscriptions in various newspapers and the DMO’s website. The Offer for Subscription will open on Monday, August 10, 2020 and close on Friday, August 14, 2020.
“Investors are encouraged to continue saving through the FGN Savings Bond, as they attract good incomes and are secure, being a Sovereign instrument, whilst also, contributing to national development,” the statement read in part.
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