The Federal Government, through the Debt Management Office (DMO), has introduced two new Savings Bonds, offering Nigerians a secure investment opportunity with attractive interest rates.
The first bond is a two-year tenor with an annual interest rate of 17.23%, set to mature in January 2027. The second is a three-year tenor offering 18.23% annual interest, maturing in January 2028.
These bonds, backed by the Federal Government, are considered highly secure investments, with a guarantee of repayment.
According to the DMO, individuals and organizations can subscribe to the bonds from January 13 to January 17, 2025. The bonds will commence on January 22, 2025, with quarterly interest payments scheduled for April, July, October, and January.
Key features of these bonds include:
Tax exemptions on income earned under both company and personal tax laws.
Eligibility for investment by large institutional entities such as pension funds and trustees.
A purchase price of ₦1,000 per unit, with a minimum subscription of ₦5,000 and a maximum limit of ₦50,000,000.
This latest offering follows the DMO’s announcement in September of three bonds worth ₦150 billion, underscoring the government’s continued efforts to provide reliable investment options for citizens.
