Rivers
FGN Securities, Most Rewarding Naira Denominated Investment – DMO
The Debt Management Office (DMO) has assured Nigerians that Federal Government of Nigeria (FGN) Securities are the most rewarding Naira denominated investment.
Director-General of the DMO, Patience Oniha, gave the assurance in Port-Harcourt, during the FGN Securities Issuance Awareness Programme in Port-Harcourt.
Oniha, who was represented by Mr Alfred Ekiye, Deputy Director, Administration, DMO, called on residents of Rivers State to take advantage of the opportunity in the FGN Securities to invest and earn regular income.
The Tide’s source reports that the awareness programme was organised by the DMO in collaboration with CSL Stockbrokers Ltd., the stockbroking firm for the Federal Government,
Oniha said the risk-free nature of FGN securities made them an attractive and secure investment option for Nigerians.
She said the different products provided by FGN Securities provided a rare opportunity for all Nigerians to invest based on their financial capacities.
According to her, the Federal Government had introduced additional products to make it more inclusive and to meet the aspirations and demands of investors.
She said all Nigerians, irrespective of their financial status, were qualified to invest and get good and safe returns on their investments.
Oniha explained that FGN Securities were attractive because they provided citizens with the opportunity to contribute to national development.
According to her, it also helps to provide some of the funds needed by the government to address deficit in infrastructure.
“The purpose of this forum is to create more awareness on investment opportunities inherent in FGN Securities that the DMO offers to Nigerian investing public.
“It is particularly about the FGN Savings Bond, which is designed for retail investors.
“Investment in FGN Securities is one of the safest Naira investments that you can have; there is nothing to worry about in terms of security of the investment”, she said.
She assured that the awareness programme would be taken round the country to be of benefit to many more Nigerians.
Also speaking, Mr Abiodun Fagbulu, the Managing Director of CSL Stockbrokers Ltd., said that the federal government issued various security instruments to raise funds to finance most of its projects.
Fagbulu, who was represented by Mr Richard Akinmoladun, from CSL said that FGN Securities were best suited for all categories of Nigerians, irrespective of status.
He urged Nigerians to invest in the various products available, as they would have no need to worry in view of the safety that comes with such investment.
He listed some of the products as FGN Bond, FGN Savings Bond, Nigerian Treasury Bills, FGN Sukuk and the Green Bond.
“With as little of N5,000 you can invest in the FGN Savings Bond”, he said.
The source reports that the FGN Securities Issuance Awareness Programme, which commenced in Lagos in March, 2022, has earlier been taken to Enugu, Ibadan, Kano, Yola, Umiahia, Gombe and Osogbo.
It is scheduled to hold in Benin, Edo State on May 18.
In January, the DMO had also created an FGN Securities portal to make subscriptions to the various products seamless and to attract more investors, especially young Nigerians, to FGN Securities.
The Rivers State Primary Healthcare Management Board (RSPHCMB) says it will commence Supplemental Immunization activities on Saturday, May 3, 2025, to vaccinate children from 0-5 years across the State.
The State Health Educator, Dr. Diana Babbo, who stated this during a sensitisation meeting with Media Advocate for Health, Rivers State, on the update of immunization exercise in Rivers State, said the National Immunization Plus Days (NIPDs) is a re-enforcement of the routine immunization at the health facilities.
According to her, it is aimed at boosting polio immunisation against the circulating variance of polio virus currently threatening the total eradication of polio in the country.
She further stated that there are four pillars of polio eradication, namely routine immunization (administered on babies in the health centre), supplemental immunization activity (supplements to boost the babies), surveillance (searching for children that have weakness in their legs or some oart of their bodies), and outbreak response.
The Health Educator noted that the Novel Oral Polio Vaccination Type 2 (NOPV 2) will be administered to children under the age of 0-5 years, which targets a specific polio still in existence in communities and capable of causing paralysis among the stated categories of children, despite the country being certified a polio-free nation.
Dr. Babbo further stated that this year’s NIPDs will address the high number of unresolved non-compliance cases in the State.
She debunked what she tagged a false rumour by mischief makers which claimed that the vaccines are responsible for the development of autism in children.
She said, “vaccines are not known to be responsible for the development of autism. We’re just hearing that. The truth is that one cannot know everything.
“That aspect that has been found, have we looked into other aspects, such as genetically modified foods, drinks, and milks that our children are taking?
“Have we also looked at genetic compatibility between couples before we now say vaccines are causing x, y, z things?
“Are we looking at the environment where these things are happening, what they are peculiar to?
“It must not be peculiar to all the families, there could be something also that’s happening around that we have not known. Research is evolving, let us not accuse our precious vaccines that have succeeded so far in my knowledge, to keep as many sicknesses at bay.
“The reason we do not have small pox in our world today, apart from the lab (a bio-lab) is because we vaccinated to the point where we were able to move small pox totally out of existence from human beings. We can succeed with that same pattern with all kinds of viruses”.
She stated that the connection between autism and vaccination could merely be coincidence.
Babbo, therefore, urged all parents, churches, and school owners to avail their children/wards the opportunity to be vaccinated against polio the stated exercise.
Sogbeba Dokubo
Engr Obi Fortune, a renowned philanthropist, has donated 80 desks to four secondary schools in Etche Local Government Area of Rivers State. The donation is part of his commitment to advancing education in the area.
The schools that benefited from the gesture includes- Community Secondary School Umuoye.
Community Secondary School Akwa- Government Secondary School Ozuzu and Community Primary School Okehi 2 and all the schools got 20 units each of the desks.
Speaking during the brief handing-over ceremony held recently in okehi recently, Engr Obi stated that the donation fulfills his promise to use proceeds from his book sales to procure desks for schools in the LGA.
He disclosed that more desks will arrive soon and expressed his continued commitment to supporting education in the area.
Obi urged the schools to make good use of the desks and called on other individuals to contribute to the educational needs in the area.
This gesture demonstrates Engr Obi’s dedication to improving education in Etche LGA.
A professor of social and political philosophy at Rivers State University (RSU ) Nkpolu Oroworukwu port Harcourt, Prof Agha Eresia _Eke has emphasized that citizenship participation is crucial for achieving true democratic government. He stressed that citizens’ involvement in exercising their basic rights, such as freedom of speech, assembly, and religion, is essential for a democratic institution to thrive.
Eresia _Eke stated this while presenting his inaugural lecture at the 111 university’s inaugural lecture series with the topic “Nigeria Democratic practices:a contextual paradox”held at the university senate auditorium in Port Harcourt, last Wednesday.
According to him, core democratic values which include:,- Respect for individual rights and freedoms, Protection of human rights and fundamental freedom, Equality before the law, Freedom of speech, assembly, and association, Protection of privacy and personal autonomy.
“Through out history, the problem that has agitated social and political philosophers has been to work _out a model for the realization of the common good of man.
Man has always sought and developed methods and systems of organising himself according to his true nature as a rational being.”he stated.
Eresia-Eke notes that Nigeria is not practicing a true federalism and highlights the importance of a pragmatic approach to democracy, where ideas and solutions are tested and refined in real-world environments.
He emphasized that citizens must hold their leaders accountable and demand respect for human rights, stressing that by doing so, citizens can undertake their civic obligations and responsibilities, strengthening society as a whole.
Earlier in his address, the Vice chancellor of the university, Prof Zeb _Obipi commended the lecturer for his brilliant performance, adding that he has justified and proven that he is a professor in his area of specialization.
The VC averred that the university has been consistent in the inaugural lecture monthly and assured that his administration will continue to continue to keep the trend.