In a bid to bridge the 2025 budget deficit, the federal government through the Debt Management Office (DMO) has borrowed an estimated N2.5 trillion from the FGN bond market in the first four months of 2025.
This is about 22 per cent drop when compared to N3.15 trillion borrowed in the four months of 2024.
The federal government is projected to borrow approximately N13 trillion from the bond market in 2025, to finance its projected budget deficit, with a significant portion expected to be raised through a mix of new and re-opened bonds.
Last year the government borrowed an estimated N5.84 trillion from the FGN bond market to bridge its 2024 budget deficit.
So far, the total subscription across the nine bonds offered by DMO stood at N1.17 billion in first four months of 2025 as against N4.04 trillion in first four months of 2025.
DMO auction results showed that the total amount offered stood at N1.45 trillion in first four months of 2025, about 61 per cent decline from N3.76trillion offered in four months of 2024.
