DMO takes savings bond campaign to Kano

The Debt Management Office (DMO) has commenced an enlightenment campaign on the Federal Government’s Savings Bond (FGN Savings Bond) for low income earners.

Speaking at the one-day sensitisation workshop in Kano, yesterday, the Director General of the DMO, Dr Abraham Nwankwo, said the bond was to enable low income earners contribute their quota to the development of the nation’s economy.

He said the bond was part of the federal government’s initiatives of inclusiveness in governance, noting that with the new bond, both rich and low income earners would contribute to the nation’s economy.

“With only N5,000 one can benefit from the new bond. This is an opportunity for all and sundry to participate. It is designed to touch the lives of the grassroots,” he said.

In his remarks, the Director, Portfolio Management Department of the DMO, Dr Oladele Afolabi, said the FGN Savings Bond was issued monthly in tenors of two and three years.