FG To Borrow N395bn Via Bonds - Business (2)

Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,875 members, 7,817,578 topics. Date: Saturday, 04 May 2024 at 02:47 PM

FG To Borrow N395bn Via Bonds - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / FG To Borrow N395bn Via Bonds (6793 Views)

$9bn Has Been Used By FG To Defend Naira, Says Senate / FG To Borrow N450bn Via Bonds In Q3 / FG To Re-evaluate Foreign Exchange Policy – Osinbajo (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: FG To Borrow N395bn Via Bonds by Omooba77: 7:39am On Jun 30, 2016

Apelex:

They are for the Recoverer..

So help us God....Men without conscience.....All na vanity sa at the end.

Re: FG To Borrow N395bn Via Bonds by diegwu01: 7:42am On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

So after the recovery, the Federal Govt. should fold its hands and drain the recovered monies first before seeking other means of funding other pressing needs..
Some persons need to reexamine their reasoning and ask why they still remain poor.

Re: FG To Borrow N395bn Via Bonds by brize(m): 7:43am On Jun 30, 2016

heehe

Re: FG To Borrow N395bn Via Bonds by Nobody: 7:44am On Jun 30, 2016

What happened to the so-called recovered loot?

Re: FG To Borrow N395bn Via Bonds by onatisi(m): 7:47am On Jun 30, 2016

If only ppl know the meaning of this statement .

Re: FG To Borrow N395bn Via Bonds by Nellybii: 7:47am On Jun 30, 2016

The heading is misleading.
This is not real money. Ask economists.
Unfortunately, most of our youths now don't know jack about anything again except politics.

Re: FG To Borrow N395bn Via Bonds by blackpanda: 7:56am On Jun 30, 2016

Cherishing:
N395bn Jesu!

Haba its over N1bn/day in a year

Do this people mean well for our Tomorow

That's chicken feed compared to what industrialised nations borrow. The real issue is how govt spends the money. Nigeria can pay back hundred times that if we put the rights structure on ground

Re: FG To Borrow N395bn Via Bonds by fmrule(m): 7:57am On Jun 30, 2016

I don't understand this change agenda anymore... What is the government gonna do with recovered loots? Or is it for next government to squander... God help this nation

[color=#000099][/color]

1 Like 1 Share

Re: FG To Borrow N395bn Via Bonds by Nobody: 8:03am On Jun 30, 2016

[quote author=diegwu01 post=47059610] So after the recovery, the Federal Govt. should fold its hands and drain the recovered monies first before seeking other means of funding other pressing needs..
Some persons need to reexamine their reasoning and ask why they still remain poor.[/quotedont be rude here please , they just asked a question.
So please kindly elaborate, in coherent terms why monies recovered from said looters can't be channeled for local projects and budget funding ?

1 Like 1 Share

Re: FG To Borrow N395bn Via Bonds by Qmerit(m): 8:05am On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

Do u know the meaning of trillion?
How billions became trillions bros?
Or you re talking about Zimbabwe Trillions dollars lol!

Re: FG To Borrow N395bn Via Bonds by charlesucheh(m): 8:27am On Jun 30, 2016

The political economy of government bonds will be the order of the day!!! I just pray the ordinary man has a free chance to buy!!!

Re: FG To Borrow N395bn Via Bonds by Nobody: 8:31am On Jun 30, 2016

francizy:
Answer this question correctly for a chance to win 1% of the money in the Nigerian TSA:

1. Who handles the moneys President Mohammadu Buhari recovered from looters of the previous administration?

a. Aisha Buhari (wife of the president)
b. General Tukur Yusuf Buratai
c. Abba Kyari
d. Lawal Musa Daura
d. All of the above...

Handling is not kwarapshon cheesy

2 Likes 1 Share

Re: FG To Borrow N395bn Via Bonds by otokx(m): 8:35am On Jun 30, 2016

Buhari is borrowing, Wike is borrowing, what is Okowa waiting for?

Re: FG To Borrow N395bn Via Bonds by unite4real: 8:36am On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

What you need to understand is that even if government has 20 Trillion naira, it will still float BONDs for people to buy. Major part of the reason is to cub inflation and regulate liquidity in the economy. Every countries of the world including the USA borrows from the public by selling bonds monthly. It doesnt matter whether a country is broke or not. The difference here is that when a country is broke and it sells bond to the public, the interest rates will be very high and vice-versa.

There is no month in the life of this country and others that governments will not sell bond. Do your findings

1 Like

Re: FG To Borrow N395bn Via Bonds by slap1(m): 8:42am On Jun 30, 2016

Zombies don't care. Sai baba all the way. Whether good or bad.

Re: FG To Borrow N395bn Via Bonds by Boss13: 8:44am On Jun 30, 2016

I understand the concerns of people asking why the government is borrowing after recovering and I think United4real has answered the question.

If you have been on nairaland for a while, since nairaland is a place where many young Nigerians get their news these days, you will know that the government borrows year in-year-out. It is a fiscal policy issue and a way to finance the budget. Already Kemi has elicudiated in one of her announcement that the government will borrow locally and internationally.

Knowledge like they say is relative. This news is exciting some people, because they get the chance to invest in government bonds which is considered to be risk free, whilst others are worried over increased government borrowings.

Thanks United4real for saving me the time to explain more on this

1 Like

Re: FG To Borrow N395bn Via Bonds by Ofemmanu1: 8:56am On Jun 30, 2016

Borrow ke? By the time this daura govt finish with us ehnn.. We go worst pass south-africans.

Re: FG To Borrow N395bn Via Bonds by WhiskeyTangoFox: 9:01am On Jun 30, 2016

diegwu01:
So after the recovery, the Federal Govt. should fold its hands and drain the recovered monies first before seeking other means of funding other pressing needs..
Some persons need to reexamine their reasoning and ask why they still remain poor.

All the zombies in the house, please stand up!....wot a shameful post, YOU need to reexamine ur reasoning.

1 Like 1 Share

Re: FG To Borrow N395bn Via Bonds by TaiKuun(m): 9:19am On Jun 30, 2016

diegwu01:
So after the recovery, the Federal Govt. should fold its hands and drain the recovered monies first before seeking other means of funding other pressing needs..
Some persons need to reexamine their reasoning and ask why they still remain poor.

i'm also a pro-buhari, but your comment makes no sense here bro.

1 Like

Re: FG To Borrow N395bn Via Bonds by TheAlchemist: 9:24am On Jun 30, 2016

How do i subscribe to this bond offer?
thanks

1 Like

Re: FG To Borrow N395bn Via Bonds by Aadeyinka(m): 9:30am On Jun 30, 2016

Cherishing:
N395bn Jesu!

Haba its over N1bn/day in a year

Do this people mean well for our Tomorow

Infact it is terrible, the want to eat the future with the present "God save Nigeria" they are greedy things like crocodiles.

Re: FG To Borrow N395bn Via Bonds by Aadeyinka(m): 9:32am On Jun 30, 2016

Cherishing:
N395bn Jesu!

Haba its over N1bn/day in a year

Do this people mean well for our Tomorow

Infact it is terrible, the want to eat the future with the present "God save Nigeria" they are greedy things like crocodiles, always hungry.

Re: FG To Borrow N395bn Via Bonds by Nobody: 9:39am On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

Re: FG To Borrow N395bn Via Bonds by OCTAVO: 9:40am On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

I just tire o. They've been spent on foreign trips and Ear treatment I guess.

Re: FG To Borrow N395bn Via Bonds by nnachukz(m): 9:43am On Jun 30, 2016

I don't believe in this government but I believe in making profits. How do I subscribe to this bond? Somebody please give me a link or detailed directives.

Re: FG To Borrow N395bn Via Bonds by Nobody: 10:17am On Jun 30, 2016

otokx:
Buhari is borrowing, Wike is borrowing, what is Okowa waiting for?

uduaghan has already borrowed on behalf of okowa

Re: FG To Borrow N395bn Via Bonds by rusher14: 10:34am On Jun 30, 2016

FredN:
This will be the first test on whether zombies can place money where their mouth is. T bills were over subscribed under GEJ by both local and foreign buyers

If you believe PMB is on the right path please buy his bonds

You mean we were borrowing when we had money from oil at an all-time high? Yet it is wrong to do so when you are making less money?

Re: FG To Borrow N395bn Via Bonds by BlackChyld(m): 11:33am On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

Trillions in properties not cash.

Re: FG To Borrow N395bn Via Bonds by Omooba77: 1:19pm On Jun 30, 2016

diegwu01:
So after the recovery, the Federal Govt. should fold its hands and drain the recovered monies first before seeking other means of funding other pressing needs..
Some persons need to reexamine their reasoning and ask why they still remain poor.

What is the essence of having #100 and still borrowing #50 with interest?

Re: FG To Borrow N395bn Via Bonds by kabman: 1:44pm On Jun 30, 2016

Omooba77:
What happened to all the trillions recovered?

Trillions were never recorvered,only about 70 billion naira

Re: FG To Borrow N395bn Via Bonds by walexy14(m): 2:22pm On Jun 30, 2016

FG bonds are bonds issued to meet specific needs of the federal government. For instance in 2006 about N75 billion was used for the settlement of pension arrears and payment of debt owed to local contractors and is another way of cubing inflation . So its normal for any country to borrow via Bonds and the billions recovered will be used to finance other project.

(1) (2) (3) (Reply)

9 Ways To Get The Best Deal When Shopping For Christmas / Explaining Islamic banking & Finance / What Is The Cost Of A Carat Of Diamond?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.