Presidential aide lauds $300m Diaspora Bond endorsement

Gbenga Bada 21:16 - 24 April 2016

Abike Dabiri-Erewa

The Presidential aide, who described the approval as a good development, said that the bond would give opportunities to patriots to actively engage in the welfare of their country.

Dabiri-Erewa, who gave the commendation in a statement issued in Abuja, expressed delight over the unanimous support for the bond by the House of Representatives.

She urged all Nigerians in the Diaspora to take advantage of the bond.

According to her, the bond, with at least five to 10 years maturity and annual dividends, attracts between five per cent and eight per cent interest rates, adding:``This is certainly a plus for patriotic investors.''

She noted the rates were more than bank deposit or certificate of deposit which was within two per cent interest rats.