The Debt Management Office (DMO) has stated that two of the Nigerian government's savings bonds have been introduced to the public.

One has an interest rate of 17.23% yearly for the two-year bond that matures in January 2027, and the other has an interest rate of 18.23% yearly for the three-year bond that matures in January 2028.

As the bonds are fully backed by the credit of the government, Nigerians can invest in them with confidence.

The bonds will go on sale on January 22, 2025, and the subscription period will begin on January 13, 2025, and end on January 17, 2025.

On April 22, July 22, Trustees, pension funds, and other institutional investors may also purchase the bonds, which are free from taxes under the Company Income Tax Act and the Personal Income Tax Act.

The bond has a price of N1,000 per unit, a minimum subscription of N5,000, and a maximum subscription of N50,000,000.