The Nigerian Government has launched a new Federal Government of Nigeria (FGN) Savings Bond, offering retail investors and micro, small and medium enterprises (MSMEs) an opportunity to earn competitive returns through a low-risk investment instrument. According to a document released by the Debt Management Office (DMO) on Monday, the offer is 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. The initiative is aimed at encouraging a savings culture among Nigerians while providing an affordable and secure investment option backed by the full faith and credit of the Federal Government. Under the offer, investors can subscribe to a two-year FGN Savings Bond due on 21 January 2028, which carries an interest rate of 14.396 per cent per annum, or a three-year bond due on 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 the principal will be repaid in full at maturity. The DMO stated that the bonds are priced at N1,000 per unit, with a minimum subscription of N5,000 and additional investments in multiples of N1,000 thereafter. The maximum subscription limit is N50m per investor, making the instrument accessible to both small-scale savers and larger retail investors. The FGN Savings Bonds qualify as government securities under relevant Nigerian laws and are eligible investments for trustees and pension funds. They are also listed on the Nigerian Exchange Limited, exempt from certain taxes and recognised as liquid assets for banks’ liquidity ratio calculations. The DMO emphasised that the savings bonds are fully backed by the general assets of the Federal Government of Nigeria, underscoring their low-risk profile and suitability for individuals and MSMEs seeking stable returns and capital preservation in a volatile economic environment.