The Federal Government, through the Debt Management Office (DMO), has announced the launch of two new Savings Bonds, offering secure investment opportunities with attractive returns.
According to a statement from the DMO, the first bond is a two-year instrument with an annual interest rate of 17.23%, set to mature in January 2027. The second is a three-year bond offering an annual interest rate of 18.23%, maturing in January 2028.
“These bonds are considered very safe investments as they are backed by the Federal Government, which guarantees the repayment of both principal and interest,” the statement emphasized.
The bonds will be available for subscription from January 13 to January 17, 2025, with a commencement date of January 22, 2025. Investors will receive interest payments quarterly, in April, July, October, and January.
The DMO highlighted several unique features of the bonds: they are exempt from both personal and corporate income tax, making them highly attractive to individuals and institutional investors, such as pension funds and trustees. Each bond unit is priced at N1,000, with a minimum subscription of N5,000 and a maximum limit of N50,000,000 per investor.
In a related development, the DMO previously disclosed in September that the Federal Government had issued three bonds worth N150 billion as part of its debt financing strategy.
These new Savings Bonds continue the government’s efforts to provide secure and accessible investment options for Nigerians while supporting national economic growth.
