The Federal Government, under the leadership of President Bola Ahmed Tinubu, has successfully raised N3.3 billion from the allotment of the Federal Government Savings Bonds for August 2025. The Debt Management Office (DMO), which coordinated the issuance, said the achievement reflects growing investor confidence in Nigeria’s domestic debt market and the government’s broader economic reforms.
According to the DMO, the August allotment comprised N573.31 million from the 2-year bond maturing in August 2027 and N2.74 billion from the 3-year bond due in August 2028. A total of 2,166 investors subscribed successfully, with 892 investors opting for the 2-year bond and 1,274 investors taking up the 3-year instrument.
The coupon rates were set at 14.401 percent for the 2-year bond and 15.401 percent for the 3-year bond, with coupon payments scheduled quarterly on February 13, May 13, August 13, and November 13, starting in November 2025. The bonds were offered between August 4 and August 8, 2025, and were settled on August 13, 2025.
While the August 2025 figure is slightly lower than July’s N4.27 billion subscription, the outcome still underscores steady investor interest in government securities. In July, the 2-year and 3-year bonds attracted N853.82 million and N3.4 billion respectively. The consistent participation highlights the impact of President Tinubu’s economic leadership, which continues to drive financial inclusion and strengthen Nigeria’s savings culture through accessible investment instruments.