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Nairaland Forum / Nairaland / General / Politics / FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN (7013 Views)
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FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Lizzysamuel(f): 11:58pm On Apr 09 |
The Federal Government has allocated approximately N4.83 trillion from the proceeds of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle the Ways and Means Advances from the Central Bank of Nigeria (CBN). https://nairametrics.com/2024/04/09/fg-spends-n4-83-trillion-from-bonds-treasury-bills-to-settle-borrowing-from-cbn/
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Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Lizzysamuel(f): 11:58pm On Apr 09 |
Balablue and CardiB are digging one hole to fill another hole😩. So what happens in approximately 12 months when these T bills mature? 14 Likes 1 Share |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Lizzysamuel(f): 12:02am On Apr 10 |
nlfpmod |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by PressMyButton: 1:00am On Apr 10 |
Lizzysamuel:And what's the big deal?. Don't you have the mental sharpeness to understand what you posted?. Is it not in the article that the national assembly approved of the securitization of the debts?, was that not in line with what Government has done?. Is there any better alternative to what FG is presently doing to repay the loans?. Government pays in tranches, so don't worry about maturity period. The bonds are oversubscribed and more foreign inflow are coming in. 30 Likes 2 Shares |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by coolgb(m): 2:51am On Apr 10 |
PressMyButton:The guy Don quickly go post news that his brain can not comprehend 14 Likes 3 Shares |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Yankee101: 2:56am On Apr 10 |
Borrowing to pay borrowed funds which you borrowed from yourself 22 Likes 1 Share |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Oakenshield: 9:53am On Apr 10 |
So buhari sins has been forgotten |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by topyhanky(m): 9:54am On Apr 10 |
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Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by bigdammyj: 9:55am On Apr 10 |
Noted. |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by FreeStuffsNG: 9:56am On Apr 10 |
It's a fiscal strategy to use monetary instruments like these fixed income notes to mop up more naira significantly in order to lower inflation. That's absolutely brilliant. May God bless Nigeria for ever! Check my signature for free stuffs! 30 Likes 4 Shares |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Jostoman: 9:57am On Apr 10 |
Make Una continue to dey pack our trillions and billions money dey embezzle and then buy 100 bags of rice to share for the gullible nigerians. |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Emeskhalifa(m): 9:57am On Apr 10 |
Una don borrow enter future generation yet nothing tangible to show of. |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by EnglishUsa: 9:57am On Apr 10 |
S |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by onatisi(m): 9:59am On Apr 10 |
there is nothing bad about the policy as long as our importation is reduced and it seems all these policies are based on the fact that Dangote will come fully on stream this year. if it does and reduces our fuel importation, then that will go a long way. 1 Like |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by A305: 9:59am On Apr 10 |
Yankee101:It's done to stimulate the economy and let the naira flow around. Think of it as government collecting ajor from its citizens to pay out to previous people who did ajor with the government. The next set of people who bought TBills will be paid by the next sets who invest in Tbill in the future. Originally Tbills revenue was meant to finance government projects and to check inflation but that's not the case for us at this point. It has basically turned ajor. 6 Likes 3 Shares |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Nickymezor(f): 10:00am On Apr 10 |
Hmmm |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Raylight2(m): 10:01am On Apr 10 |
Is CBN not part of this federal government? |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by zionstaar75: 10:02am On Apr 10 |
Lizzysamuel:please explain what you mean by the nonsense you just wrote. If I buy treasury bills at say 13% where will the interest go?is it not my account?bloody illiterate!that's what you are 9 Likes 4 Shares |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by oluwaseyi0: 10:04am On Apr 10 |
Bond is more like borrowing Tinubu borrowing to repay Buhari debt Only God knows who will pay Tinubu debt |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by israelmao(m): 10:04am On Apr 10 |
Buhari administration was highly prodigious and senseless in spending and looting.Imagine amendment of borrowing ceiling from 5% to 15%!Buhari who was most touted as a miser and prudent manager of resources ended up as a spendthrift and big-time looter 2 Likes |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by onatisi(m): 10:05am On Apr 10 |
the only problem that can derail this policy and make it useless is if the cbn is controlled by bad eggs , and if govt revenue is looted but apart from that , this is a good policy 5 Likes 1 Share |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Jostoman: 10:05am On Apr 10 |
Borrow and share government |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by zionstaar75: 10:05am On Apr 10 |
gombagodwin09:borrow what?is it only dullard that comes to 💅?please what is treasury bills? 4 Likes 1 Share |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by kereman1: 10:06am On Apr 10 |
Pls I need someone to enlighten me, all the debts Nigeria is owing if the country separate, who will be made to pay the debts? 1 Like |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by ejieddy: 10:07am On Apr 10 |
A good move IMO. Reducing cash in the system and settling of debts at the same time can lower inflation theoretically. The only challenge is when the bonds mature, would you have made enough money to pay back? I hope we can be financially responsible so we don't end up in another hole. The only thing that can make this become another disaster is the Nigerian factor. Economic theory just doesn't work in Nigeria 3 Likes |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by Kingpele(m): 10:07am On Apr 10 |
The best thing is to cut the cost of running government ..to maximise this opportunity of selling treasury bills ,so that we could have more funds for development...wasting almost 40percent of the budget on individuals that work for government, little money in their hands to do the work that will benefit the masses is madness ... 1 Like |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by zionstaar75: 10:07am On Apr 10 |
onatisi:don't mind these illiterates. They don't know the meaning of treasury bills 6 Likes |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by ysg4real(m): 10:08am On Apr 10 |
FreeStuffsNG:Couldnt have agreed more. If all sides are considered (securitization, savings by the people in secured govt instrument, and mop-ups money in circulation), its a very brilliant strategy. 2 Likes |
Re: FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN by PDPdestroyer(m): 10:08am On Apr 10 |
zionstaar75:He's an illiterate propagandist, he just saw the word "borrow" and felt this news is good to advance his daily dose of anti-government propaganda, without understanding what he read 1 Like |
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