2021: Bond Market Rises By 44% As FG Raises N2.7trn

The federal government, through the Debt Management Office (DMO), in 2021 raised N2.72 trillion  from FGN bonds as well as the savings bond.

This is even as analysts urged government to ensure that the nation’s borrowing is used to enhance the country’s growth.

Data from the DMO showed that N2.712 trillion was raised through the monthly FGN bond auctions between January and December 2021 while N8.09 billion was raised through the savings bond between January and November.

The amount raised through FGN Bonds was a 44 per cent improvement on 2020 when it raised N1.8 trillion

Last year, due to the Covid-19 pandemic and restrictions, the Savings Bond auction did not hold for four months between April and July.


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