Dabiri-Erewa Applauds Approval of Diaspora Bond
Featured, Latest Headlines, News Sunday, April 24th, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – The Senior Special Assistant to the President on Diaspora and Foreign Relations, Honourable Abike Dabiri-Erewa has described the approval of the 300 million Diaspora Bond unanimously supported by the House of Representatives as a good development.
In a statement issued in Abuja, the SSA, however, encouraged all Nigerian patriots in the Diaspora to take advantage of the Diaspora Bond.
Dabiri-Erewa said at least with 5 – 10 years maturity and annual dividends between five per cent and eight per cent way more than bank deposit or certificate of deposit which is within two per cent interest rates are certainly a plus for patriotic investors.
She noted that the bond will give opportunities to patriots to actively engage in the welfare of their loved country, Nigeria.
According to the Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, “The bonds are tax-exempted, implying bigger income for the investors; the bonds provide an alternative investment to equities, real estate and bank deposits.
Bonds can also be used as collateral for borrowing from banks and discount houses, and bonds can be sold either through any of the 21 PDMMs licensed by the DMO or on the floor of the NSE”.
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