The Federal Government of Nigeria is planning to raise not more than N1.8 trillion from the bond market in the first quarter of 2025, according to the Debt Management Office (DMO).
The issuance, outlined in the newly released FGN Bond Issuance Calendar, highlights a mix of re-opened and new bonds across three monthly auctions scheduled for January, February, and March 2025.
This funding effort is part of the government’s strategy to address fiscal deficits and fund critical infrastructure.
For 2025, the Federal Government is projecting a budget deficit of N13. 08 trillion, representing 3.87% of the country’s Gross Domestic Product (GDP).
If the maximum offer range is achieved across all auctions, the government would secure N1.8 trillion for the quarter.
The auctions are scheduled for January 27, February 24, and March 24, 2025. While the calendar remains subject to change, the structured approach demonstrates the government’s focus on meeting its financing needs in a transparent and predictable manner.
The planned bond issuance is expected to play a critical role in addressing Nigeria’s fiscal challenges, particularly its widening budget deficit.
As the economy grapples with inflationary pressures and revenue shortfalls, raising the targeted amount from the bond market will be crucial for sustaining economic activities and ensuring the government can meet its obligations.