The Federal Government, through the Debt Management Office (DMO), has raised a total of ₦3.96bn from the October 2025 Federal Government of Nigeria (FGN) Savings Bonds, reflecting a renewed appetite among retail investors for low-risk government securities.
According to the official allotment results released by the DMO, the October issuance marked an improvement over the ₦3.05bn recorded in September, underscoring sustained investor confidence in the FGN Savings Bond programme.
The DMO offered two tranches of savings bonds during the month: a two-year FGN Savings Bond due October 15, 2027, and a three-year FGN Savings Bond due October 15, 2028.
The instruments were issued at ₦1,000 per unit, with a minimum subscription of ₦5,000 and subsequent multiples of ₦1,000, up to a maximum investment limit of ₦50 million per investor.
The two-year tranche was allotted at an interest rate of 15.541 per cent per annum, attracting ₦631.76m from 793 successful subscriptions.
Another two-year tranche, offered at 14.062 per cent per annum, raised ₦779.05m from 1,052 investors.
The three-year savings bond, which offered a higher coupon rate of 15.062 per cent per annum, generated stronger investor participation, raising ₦3.19bn from 1,435 successful subscriptions.
Additionally, another three-year tranche due in September 2028 was allotted at 16.541 per cent per annum, with ₦2.42bn raised from 1,246 investors, reflecting robust demand for longer-tenor, higher-yield instruments.
The offer period for both bonds ran from October 6 to October 10, 2025, with settlement on October 15, 2025.
Coupon payments are scheduled to be made quarterly, on January 15, April 15, July 15, and October 15, throughout the tenor of the instruments until maturity.
Launched in 2017, the FGN Savings Bond programme was designed to deepen Nigeria’s domestic debt market, promote financial inclusion, and encourage participation of retail investors in government securities.
The initiative allows individual investors to earn steady returns on safe investments while contributing to the country’s capital market development and public financing objectives.
The DMO has continued to highlight the importance of the savings bond scheme as a tool for mobilising domestic savings, enhancing investor education, and bridging the gap between retail investors and the formal debt market.
With the October 2025 issuance, the DMO reaffirmed its commitment to maintaining a transparent and accessible platform for Nigerians to invest in secure, interest-bearing instruments while supporting the government’s broader fiscal and economic growth agenda.
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