— The Federal Government of Nigeria has listed N4.3 billion worth of savings bonds on the Nigerian Exchange Limited (NGX), reinforcing its commitment to deepening domestic financial markets and expanding retail investor participation.
According to data released by the Debt Management Office (DMO), the dual-tranche savings bond issuance comprises a N1.45 billion two-year FGN Savings Bond at a 17.046% interest rate, maturing in April 2026, and a N2.86 billion three-year tranche with an 18.046% coupon, maturing in April 2027.
The listings form part of the government’s broader strategy to tap into the domestic capital market to finance budgetary needs while offering Nigerians, especially retail investors, a safe and attractive investment avenue.
The FGN Savings Bond programme, launched in 2017, is specifically designed to encourage participation from low to middle-income earners by offering accessible entry points and relatively competitive interest rates. It also aims to promote a savings culture among Nigerians while increasing public ownership of government debt instruments.
Capital market stakeholders have applauded the move, noting that it will boost market liquidity and further diversify available investment instruments on the exchange.
The listing comes at a time when the federal government is under pressure to explore more sustainable borrowing models amid mounting debt servicing obligations and tight fiscal space.
The NGX, through initiatives and strategic partnerships, has continued to serve as a platform for capital raising, investment diversification, and national economic development. The inclusion of the N4.3 billion FGN Savings Bonds is expected to enhance financial inclusion and stimulate increased activity from retail investors.
With inflationary pressures persisting, the attractive coupon rates may serve as a hedge and encourage wider public participation, ultimately supporting the government’s financial and economic goals.
