The Federal Government of Nigeria (FG) has raised $2.35 billion through a Eurobond issuance that drew an overwhelming $13 billion in investor orders, marking the largest oversubscription in the country’s history. The strong response from global investors signals growing confidence in Nigeria’s economic reforms and fiscal management under the current administration.

According to the Debt Management Office (DMO), the issuance included a 10-year bond priced at a yield of 8.63 percent and a 20-year bond at 9.13 percent. Investor demand came from across the world, including Europe, North America, Asia, and the Middle East, with participation from fund managers, pension and insurance funds, and banks.

Finance Minister Wale Edun described the record-breaking outcome as a vote of confidence in the Federal Government’s economic agenda and ongoing fiscal reforms. Proceeds from the Eurobond will be used to finance the 2025 budget deficit and fund key infrastructure and development projects, reflecting Nigeria’s renewed credibility in international capital markets.