Federal Government don officially open subscription for dem December Savings Bonds, as Debt Management Office (DMO) don talk am. Dis initiative dey give Nigerians chance to invest for government-backed securities, wey go promote savings and make sure everybody fit join financial inclusion.

As DMO don release statement, dis month offerings get two different types: one na two-year FGN Savings Bond wey go mature on December 10, 2027, and e dey carry better annual interest rate of 12.838 percent. The second one na three-year savings bond wey go mature for December 2028, and e dey offer higher interest rate of 13.839 percent per year.

Subscription process no hard. Dem go open the bonds on December 1, and settlement date na December 10. Investors fit expect coupon payment dates to dey happen every three months on March 10, June 10, and December 10, so dem go dey collect regular income from their investments.

Each bond unit dey cost N1,000, and minimum subscription wey person fit enter na N5,000. Investors fit buy more units in multiples of N1,000, and e get maximum subscription limit of N50 million. Dis structure go allow both small and big investors to join the bond market.

Interest payments go dey happen quarterly, while the principal amount go dey pay full on the maturity date, so bondholders sabi when dem go collect their money back. DMO don emphasize say, like other Federal Government securities, dis bonds dey backed by the full faith and credit of Nigerian government, wey make am secure investment option.

Moreover, dis bonds fit qualify as securities wey trustees fit invest under Trustee Investment Act. Dem also meet the criteria for government securities as Company Income Tax Act and Personal Income Tax Act don define am, wey go give tax exemptions for pension funds and other investors.

Besides investment benefits, dis bonds dey listed for Nigerian Exchange Ltd., wey go make dem easy to sell and also fit help for liquidity ratio calculations for banks. Dis feature dey make am more attractive for institutional investors wey wan manage their portfolios well.

DMO announcement dey show say government dey serious to build strong savings culture among Nigerians while dem dey provide reliable investment wey go support national development. As subscription period dey unfold, potential investors dey encouraged to consider dis opportunity to secure their financial future through government-backed savings bonds.