FGN Savings Bond Allotments Surge to N47.25 Billion in 2026

In the first nine months of 2026, the Federal Government of Nigeria (FGN) Savings Bond allotments rose by N11.02 billion to N47.25 billion, up from N36.23 billion in the corresponding period of 2025. This increase is detailed in an analysis of the Debt Management Office’s (DMO) monthly auction results.

Stronger allotments were recorded in January, February, July, August, and September, although some months had lower allocations than in 2025. The DMO's allotment for September followed previous allotments of N6.19 billion in July and N5.86 billion in August, contributing to a stronger second-half performance.

The rise in savings bond allotments occurs amid a larger Federal Government borrowing program and an increasing public debt stock, indicating a higher borrowing requirement. FGN Savings Bonds are accessible government securities sold at N1,000 per unit, with a minimum subscription of N5,000 and a maximum of N50 million.

These bonds are backed by the full faith and credit of the Federal Government of Nigeria and qualify as government securities under relevant tax laws.