- The federal government has announced its first borrowing plan for the new year, 2023
- The new borrowing was announced by the debt management office and will come in the form of savings bond
- Patience Oniha, DMO director-general has announced how the first tranche of domestic borrowing will take place
The Debt Management Office (DMO) has announced the issuing of two Federal Government of Nigeria (FGN) Savings Bonds for subscription as its first borrowing for 2023.
A bond is a loan from an investor to a borrower such as a company or government. The borrower uses the money to fund its operations, and the investor receives interest on the investment.
