The Federal Government has launched a new Federal Government of Nigeria Savings Bond offer, targeting retail investors with competitive interest rates and low entry requirements, according to a document released by the Debt Management Office on Monday.

The offer, issued on behalf of the Federal Government pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, is aimed at encouraging savings among Nigerians while providing a safe investment option backed by the sovereign guarantee of the government.

Under the offer, investors can subscribe to a two-year FGN Savings Bond due 21 January 2028, which carries an interest rate of 14.396 per cent per annum, or a three-year FGN Savings Bond due 21 January 2029, offering a higher return of 15.396 per cent per annum.

The subscription window opened on Monday, 12 January 2026, and will close on Friday, 16 January 2026, with settlement scheduled for 21 January 2026. Interest on the bonds will be paid quarterly, while principal repayment will be made in full at maturity.

According to the DMO, the bonds are offered at N1,000 per unit, subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, with a maximum subscription limit of N50m per investor.

The savings bonds qualify as government securities under relevant Nigerian laws and are eligible investments for trustees and pension funds. They are also exempt from certain taxes, listed on the Nigerian Exchange Limited, and qualify as liquid assets for banks’ liquidity ratio calculations.

The DMO said the bonds are fully backed by the full faith and credit of the Federal Government of Nigeria and charged upon the general assets of the country, underscoring their low-risk nature.