Nigeria has launched its first domestic dollar-denominated bond, shattering records and signaling a new era of financial innovation and economic growth.

According to Minister of Finance Wale Edun, the funds raised from the bond will be directed toward critical infrastructure projects and development programmes, as well as help to further strengthen key sectors of Nigeria’s economy.

The minister also noted that over nine hundred million dollars raised will also boost the economic resilience and cement Nigeria’s position as a leader in Africa’s financial markets.

Led by the Africa Finance Corporation (AFC), the initiative garnered significant interest from both local and international investors.