FG announces savings bonds, promises high returns

The Debt Management Office (DMO) has introduced two new savings bonds, offering investors attractive interest rates.

The bonds will be available for purchase from January 13 to 17, 202, and are designed to provide secure investment opportunities, as they are backed by the Federal Government.

The first bond, a two-year investment, promises an annual return of 17.23%, maturing in January 2027. The second, a three-year bond, offers a slightly higher annual interest rate of 18.23%, maturing in January 2028.

Investors will receive interest payments quarterly—April, July, October, and January—starting from January 22, 2025. The bonds are tax-exempt under company and personal tax laws, making them an appealing option for individuals and institutional investors such as pension funds and trustees.

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Each bond is priced at ₦1,000, with a minimum purchase of ₦5,000. However, the maximum investment limit per individual is ₦50 million.

These new offerings follow a previous bond issue by the DMO in September, which raised ₦150 billion through three bonds.

The government is looking to expand its investment base, with these bonds providing a secure and reliable option for both small and large investors.