ABSTRACT
The study focuses on the development of government bond market in Nigeria. It explores the
history, structure, performance and key issues related to the development of bond market
with the broader context of domestic, regional and global bond market development. The
Nigeria government bond market provides valuable lessons for other emerging market
economies also seeking to build bond market.
The sophistication of the local bond market is
not enough to make it appealing to foreign borrowers. Market development demands an
enabling market infrastructure and a background of macro-economic stability, diversified
market participants, an appropriate regulatory and supervision environment
