The DMO said the first offer is a two-year FGN savings bond due on August 16, 2025, at an interest rate of 9.634 per cent per annum.
“So, as we look at Nigeria’s debt profile, I urge us to also look at the assets and investment profiles, some of which was paid for by debt and some by investment income.”
The Debt Management Office (DMO) says Nigerians should invest in the federal government’s securities.
The first, a two-year savings bond, came at an interest rate of 7.33 per cent per annum and will be due on April 13, 2024.
The subscription of 346 per cent emanated from high level participation by banks, fund managers and non-interest financial institutions.
The Debt Management Office (DMO) says Nigeria’s public debt stock has reached N33.107 trillion (about $87.239 billion) as of March 31, 2021.
