The Federal Government of Nigeria (FG) is set to raise one hundred and fifty billion naira from the bond market in September 2024 as part of its borrowing strategy to bridge the budget deficit.

According to reports, the auction, scheduled for September 23, 2024, represents one of the smallest bond offers in 2024, about twenty one percent lower than the amount offered in August 2024.

However, the bonds are fully backed by the full faith and credit of the Federal Government of Nigeria and are listed on the Nigerian Exchange Limited and FMDQ OTC Securities Exchange.