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Lagos State issues record ₦230 billion Series IV Bond

Lagos State issues record ₦230 billion Series IV Bond

Government

Capital Markets

₦230B($167M)

Nigeria

2026

Lagos State Government completed a ₦230 billion Series IV Fixed Rate Senior Unsecured Bond issuance, the largest subnational bond issuance in Nigeria's history.


The transaction formed part of a hybrid financing programme that also included Nigeria's first subnational green bond issuance.


Advisory Team:


Jackson, Etti & Edu

Folasade Olusanya

Adekunle Soyibo

Comfort Agboola-Adekunle


Olaniwun Ajayi LP

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