Nigerian Government Offers New Savings Bonds with Attractive Interest Rates

The Federal Government, through the Debt Management Office (DMO), has unveiled two new Savings Bonds designed to provide Nigerians with a secure and rewarding investment opportunity. Offering competitive interest rates, these bonds are an appealing option for both individuals and institutional investors looking to grow their wealth in a safe and reliable way.

The new offerings include a two-year bond with an annual interest rate of 17.23%, maturing in January 2027, and a three-year bond with an annual interest rate of 18.23%, maturing in January 2028.

Subscriptions for these bonds will be open from January 13 to January 17, 2025, with the bonds officially commencing on January 22, 2025. Interest payments will be made quarterly in April, July, October, and January, providing consistent returns for investors.

These Savings Bonds stand out for their safety, being fully backed by the Federal Government, making them one of the most secure investment choices available. Additionally, the bonds come with the benefit of being exempt from both personal and corporate income taxes, which enhances their attractiveness.

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The bonds are accessible to a wide range of investors, including individuals, pension funds, and trustees. This inclusivity ensures that everyone, from small-scale investors to large institutions, can take advantage of this opportunity.

Each bond unit is priced at ₦1,000, with a minimum investment requirement of ₦5,000 (5 units). The maximum investment allowed is ₦50,000,000 (50,000 units), accommodating various investment capacities.

The DMO has been actively working to expand the domestic debt market and support national economic growth. For instance, in September 2024, the DMO issued three bonds worth ₦150 billion. These initiatives reflect the government’s commitment to fostering financial inclusion and economic development.

Investors can purchase these bonds through authorized distribution agents or by visiting the DMO’s official website for detailed instructions. With their excellent returns, tax-free benefits, and security, these bonds provide an exceptional opportunity to secure your financial future.