Abuja – Bonds auction results in the past few months for both the Federal Government Bonds and the Savings Bonds shows that the level of patronage has declined.
Data obtained from the website of the Debt Management Office (DMO) on Sunday in Abuja, showed that in 2017, the Federal Government bonds had N2.37 trillion subscriptions with 1.49 trillion as offers and N1.55 trillion in allotments.
In 2018, subscriptions stood at N1.506 trillion and total allotments were N822.41 billion, while what was offered was N1.07 trillion.
For the savings bonds, in 2017, the Federal Government made N7.197 billion from 9,866 subscribers while in 2018, N2.533 billion was recorded from Jan. to Sept., with results for Oct., Nov. and Dec. absent.
The Director-General, Ms Patience Oniha in an interview with the News Agency of Nigeria (NAN), said that the low level of liquidity available, especially in the case of the Federal Government bonds could be…
