Lagos State Bonds Reach N6.93 Trillion on NGX

As of July 16, 2026, the total bond listings from the federal government and Lagos State government on the Nigerian Exchange Limited (NGX) have increased to N6.93 trillion. The Debt Management Office (DMO) has facilitated the listing of Bonds and Sukuk, providing a liquid marketplace for investors.

The federal government contributed 96.46% or N6.68 trillion of this total, while Lagos State accounted for 3.5% or N244.82 billion. On April 24, 2026, NGX admitted a supplementary listing of 1,370,309,869 units of 7.95% FGN JUN 2032 bond, valued at N1.37 trillion.

Lagos State's recent bond issuance includes N230 billion series 4, 10 Years 16.25% fixed rate bond due 2035 and N14.815 billion Series 3, 5 years 16% fixed rate green bond due 2030. Governor Babajide Sanwo-Olu expressed gratitude to investors and emphasized the importance of prudent resource management.

The funds will support infrastructure development across various sectors, marking a significant milestone in Nigeria's bond issuance history.