Nigeria’s federal government through the Debt Management Office (DMO) raised the highest amount of debt through the FGN Savings Bond, soaring by over 150 per cent to N42.122 billion in 2024.
Compared to N16.77 billion that was raised through the Savings Bond in 2023, the amount borrowed from retail investors in 2024 rose significantly by 151.2 per cent. The amount raised in 2024 was even higher than N41.64 that was raised through the bond between 2021 and 2023.
Asides the…
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