Ms. Patience Oniha,Director-General, DMO
The Debt Management Office (DMO) has announced the successful completion of its third Sovereign Green Bond issuance, which attracted an impressive total subscription of ₦91.42 billion.
This was disclosed in a statement released by the DMO on Thursday.
The offering, which closed on Wednesday, June 18, 2025, was initially set at ₦50 billion and marks the third Green Bond issued by the DMO on behalf of the Federal Government.
According to the DMO, “The Issuance attracted strong investor interest, with total subscriptions reaching N91.42 billion, representing a subscription rate of 183%. This impressive demand reflects investor confidence in Nigeria’s growing Green Bond Market and its commitment to sustainable finance and development, as well as climate action.”
The DMO noted that investors were allotted a total of N47.355 billion at a coupon of 18.95% per annum.
“Proceeds from the Issuance will be used to finance projects in the 2024 Appropriation Act that support Nigeria’s Nationally Determined Contributions (NDCs) under the Paris Agreement and its broader climate commitments, including the target net-zero emissions by 2060,” DMO said.
“The strong investor interest in this Green Bond demonstrates growing confidence in Nigeria’s commitment to sustainable financing,” said Director-General of the DMO, Ms. Patience Oniha.
“Green Bonds are becoming an increasingly important instrument for mobilizing capital towards our climate objectives and sustainable development agenda,” she added.
“The Green Bond is yet another contribution of the DMO towards the deepening of the domestic capital market and the DMO remains committed to this objective,” the DMO stated.
