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What is a self managed investment account?

The concept of the joint account system in Nigeria is a fiscal arrangement that involves the pooling of revenue between state and local governments, with the state government exercising control over the disbursement of funds (Edet, 2021).

What is an LGIP account?

Local government investment pools (LGIPs) are established by states to provide other governmental entities (e.g., cities, counties, school districts or other state agencies) with a short-term investment vehicle, often formed as a trust, to purchase shares or units in an investment portfolio.

What does LGIP stand for?

Participants in a government investment pool may include state or local municipalities, counties, school districts, utility districts, and local government units. State laws or GIP rules and procedures govern the types of participants that can invest in a GIP.

Who can invest in LGIP?

Self-directed investing refers to when an investor chooses to invest and manage their own portfolio without an advisors assistance. Self-directed investing generally has lower costs than investing with an advisor, but it requires you to do your own research and monitor your portfolio without assistance.

What is an example of a Lgip?

Examples of investments that an LGIP policy may deem appropriate include obligations issued or guaranteed by the U.S. government or agency thereof, negotiable certificates of deposit from domestic banks, commercial paper, corporate notes, money market mutual funds that are registered with the Securities and Exchange