The Federal Government of Nigeria is aiming to raise as much as N360 billion through domestic bond sales in the third quarter of 2025, according to the latest issuance calendar released by the Debt Management Office (DMO).
The bond programme, which forms part of the government’s strategy to finance budget deficits and support infrastructure development, will see the reopening of two existing instruments: the 19.30 per cent FGN April 2029 bond and the 17.95 per cent FGN June 2032 bond.
Each monthly auction, scheduled for July 28, August 25, and September 29, targets between N40 billion and N60 billion per tranche. If fully subscribed at the maximum level, the government could raise N120 billion monthly, totaling N360 billion for the quarter.
The bonds carry five-year and seven-year tenors, with term-to-maturity periods ranging from three years and seven months to six years and eleven months, depending on the issuance date.
The DMO said the bond issuances are part of a broader fiscal plan to ensure debt sustainability and deepen the domestic debt market while providing long-term financing for key national projects.
In a related development, the Nigerian Content Development and Monitoring Board (NCDMB) has introduced new compliance measures and financing initiatives aimed at boosting indigenous participation in the oil and gas sector.
Speaking during a Nigerian Content Intervention Fund (NCIF) sensitisation workshop held in Lagos, the Executive Secretary of NCDMB, Mr. Omatshola Ogbe, announced the commencement of the Nigerian Content Fund Clearance Certificate (NCFCC).
Represented by the Acting Director of Finance and Personnel Management, Mr. Mubarak Zuabair, Ogbe explained that the NCFCC is designed to ensure that companies meet Nigerian Content requirements before executing oil and gas projects.
“With the introduction of this Compliance Certificate, companies now have a clear standard to demonstrate their adherence to Nigerian Content laws, while the Board enhances its regulatory oversight,” Ogbe said. “For this system to succeed, stakeholders must be properly informed, and this workshop provides that critical engagement platform.”
Ogbe also unveiled a revised N50 billion Community Contractor Fund, aimed at removing barriers to funding and increasing the participation of genuine contractors from oil-producing communities.
In addition, the Board upgraded its Nigerian Content Development Fund (NCDF) payment portal, describing the move as a step towards operational efficiency and transparency.
The NCDF, funded by a mandatory one per cent contribution from oil and gas contracts, also supports the $400 million Nigerian Content Intervention Fund (NCIF), which provides low-interest loans to indigenous oil and gas companies.
The NCDMB said these initiatives are designed to strengthen local capacity, expand financial inclusion, and deepen the retention of value within Nigeria’s oil and gas industry.
@ The Ameh News: All Rights Reserved
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