By Chinwendu Obienyi
The Debt Management Office (DMO) has successfully raised a total of N4.34 billion through the April 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds.
This is according to figures published on the agency’s official website on Thursday.
The subscription window, which ran from April 7 to April 11, featured two separate tenors — a 2-year bond maturing on April 16, 2027, and a 3-year bond maturing on April 16, 2028.
Both bond series are scheduled to settle on April 16, 2025, with interest payments made quarterly on July 16, October 16, January 16, and April 16 throughout the lifespan of the bonds.
The shorter-term 2-year bond, which offered a coupon rate of 16.05 per cent, saw strong demand, culminating in an allotment of N1.135 billion across 862 successful subscriptions.
Meanwhile, the 3-year bond, which came with a higher yield of 17.05 per cent, attracted more robust participation, accounting for N3.203 billion in total allotments from 1,293 subscribers.
The bond terms at a glance include; Unit Price: N1,000, Minimum Investment: N5,000, Maximum Investment: N50,000,000, Interest Payment: Quarterly, Redemption: Bullet repayment on maturity.
The FGN Savings Bond program, launched in 2017, was designed to deepen the domestic bond market, promote financial inclusion, and provide retail investors with secure, government-backed investment opportunities.
Analysts say the elevated interest rates offered in the April issuance reflect the government’s drive to mobilize domestic capital in the face of broader economic uncertainties.
Retail investors continue to favor FGN savings bonds as a safer alternative to traditional savings accounts and more volatile investment instruments.
“With inflationary pressures and interest rate fluctuations affecting conventional savings, the predictable returns and low-risk profile of FGN savings bonds have become increasingly attractive,” said a Lagos-based financial analyst.
The consistent oversubscription of these bonds underscores a growing appetite among Nigerians for reliable, long-term investment avenues and highlights the evolving role of individual investors in the country’s financial ecosystem.
As Nigeria continues to navigate economic headwinds, the DMO’s monthly bond offerings remain a critical tool in promoting national savings, expanding the investor base, and supporting fiscal stability.