Experts in the fixed income market have called for more active participation of retail investors in the fixed income space. At an investors’ conference organised by Comercio Partners Asset Management in Lagos, themed “Fostering Financial Inclusion Through Innovation” speakers at the event stressed the need to raise awareness on the opportunities in the fixed income market.
Speaking at the event, Patience Oniha, Director General of the Debt Management Office (DMO) and the Chairperson of the event said the DMO has introduced various products that would encourage retail participation in the fixed income space such as the monthly Savings Bond Program of the Federal Government.
“The retail market needs a significant push beyond talking to ourselves like this. There is a large population in Nigeria, and a lot of people do not know about these offerings. But if you look at the trend from the two years since we started, the subscriptions have been fluctuating,” she said.
Bola Onadele Koko, Managing Director/CEO FMDQ OTC Securities Exchange, and the Chief Host of the event said that FMDQ has realised the importance of keying into the work being done by the Securities and Exchange Commission and the Central Bank of Nigeria to drive financial inclusion in the country with the introduction of various financial literacy programs aimed at raising the awareness on the opportunities in the fixed income space.
“FMDQ supports organisations like Comercio Partners in promoting financial inclusion, and we have the Next Gen program where kids from primary schools are introduced to the financial sector and the fixed income instruments,” he said.