The federal government has launched a $500m domestic bond, marking a significant milestone in the country’s economic reform and development journey.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while unveiling the Series I $500m Domestic FGN US Dollar Bond today in Lagos, stated that the launch was a bold step towards economic transformation
poised to attract both local and international investors.
This historic initiative is aimed at raising a minimum of $500m from both local and international investors, marking a significant step in Nigeria’s ongoing economic reform and development efforts.
Edun stated further that the bond issuance, which is set to leverage the Nigerian financial system, including the Securities and Exchange Commission, the banking system, and investment bankers, represents a critical effort to attract foreign currency held by Nigerians abroad, as well as ot