The Federal Government of Nigeria through the Debt Management Office (DMO) earlier today unveiled a $500 million tax-exempt bond to local and foreign investors.
The bond which has a face value of $500 million will be accessible to a broad range of investors. The minimum investment amount is set at $10,000, with additional investments allowed in increments of $1,000. This structure is intended to enable wider participation among investors, both within Nigeria and the diaspora.
Wale Edun, Minister of Finance and Coordinating Minister Of The Economy in talking said “This bond issuance is more than just a financial instrument; it is a strategic move to channel funds into sectors that will catalyse economic growth,”
This bond issuance is just the beginning,” noted the minister. “We aim to mobilise resources effectively and channel them into the country’s development needs. This initiative aligns with our broader strategy to utilise both domestic and foreign capital for infrastructure and other critical sectors.”
