"N5,000 minimum investment": FGN savings bonds open for subscription with above 14% interest rates

The Debt Management Office (DMO) has announced the opening of subscriptions for the Federal Government of Nigeria (FGN) savings bonds with a minimum investment of N5,000. The bonds, maturing in August 2025, offer an annual interest rate of over 14%.

The subscription period runs from August 4 to August 8, 2025. Launched in 2017, the FGN Savings Bond aims to expand the local bond market and provide a safe investment option for citizens.

The bonds are recognized as official government securities under tax laws and can be traded on the Nigerian Exchange (NGX). Interest payments are made quarterly, and the bonds are backed by the federal government.

Despite a decline in interest rates compared to previous years, the demand for savings bonds remains strong, with total allotments reaching billions. Interested investors are advised to contact appointed distribution agents for more information.

The FGN Savings Bond is seen as a secure investment option supporting broader economic goals.