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Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 - Politics (3) - Nairaland

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Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by OnyesomJ(m): 7:15pm On Jan 15
You are Free to use the country as Collateral.

Nonsense!!!

Imagine I’ve the opportunity to see this Fool eh na to Bomb am !!!!
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Just2endowed2(m): 7:22pm On Jan 15
faoogoke:


By the time you ask around many of those making comments here are supposed to be graduates!

It is pathetic that they don't know why governments all over the world issue bonds are regular intervals.

So sad for this country.

You that's a graduate, the bond issue by fg, is that how other developed countries that issue bond spend the money? Compare what Nigeria use her bond to invest to make money that of other countries.

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by saajus: 7:34pm On Jan 15
Why borrowing when we know those that stole our money. Tinubu alone will cough out nothing less than $5Billion if properly investigated.
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by jaxxy(m): 7:39pm On Jan 15
Borrowing rather than cutting down unnecessary and excess spending is a very very bad financial policy.

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by MoIbrahim: 7:42pm On Jan 15
Only God will save us from this borrow-borrow
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Jones8(m): 8:33pm On Jan 15
9jamag:
Chai, chai, chai


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Can you make a site with just the ability to post pictures? More like a personal website.
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by BreconHills: 8:45pm On Jan 15
staaari:

Your analysis is not correct.

This is local debt(naira) which likely will come from PENSION FUND and other local institutional investors.

Ideally, the government should use the money wisely and be able to generate REVENUE greater than the interest rate they want to pay back in 5yrs, 10yrs & 30yrs.

But we know this money they want to borrow now through BOND is to pay back existing BOND that are already due.

Conclusion:
Mr. Buhari is running a PONZI scheme; which when it will eventually fail, will drag down the pension of Nigerians and the economy into a mess.

Bros you have a good imagination.

Nigeria has never defaulted on a bond payment. It is a first line charge on the federation account. This is the precise reason why it is investment grade. As for the wisdom of Pension funds taking up the bonds. Of course they should. It smooths out the variance in a retirement portfolio that should be close to zero risk YET match inflation. Bonds are excellent for this.

As to how you deduce that they are recycling bonds. I have to laugh. Do you think bond managers cannot see FG revenue against bond payments; capital and coupon? Are the reserves negative? I know we are on a public forum where there a lot of non finance/investment people that can be hoodwinked but fear God. Ponzi scheme indeed.

And there is also a huge retail segment in bonds. Huge. At 14% on average this a solid floor against stock market swings. What's not to like? I am buying for my children

3 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by alizma: 9:18pm On Jan 15
owobokiri:
Buhari is borrowing this country into the pit of hell to build massive road and rail lines across Niger republic while telling south easterners that Amaaechi was not authorized to promise any rail track in the east since there is no money... This man will destroy this country with hate and venom... How can you be more loyal to foreigners than to your countrymen simply because you share some sort of ethnic relationship with them? The Niger president went behind him to sign an agreement with france to pull the rug off Nigerias feet on the ECO currency issue. Since then, he started closing borders and seem to start appreciating the fact that national interest should trounce ethnic loyalty... Buhari is incompetence personified.
Bloggers just cut this one as planned. Is this the first time Nigerian government is selling bond? Sales of bond and repayment is government regular activities but because there are many Nigerians who know less of government activities, bloggers continue to wax stronger of the alter of such peoples gullibility
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Isoduwa(m): 9:32pm On Jan 15
Enoch07:
na to sell this country remain

Who wan buy am na be the problem

Everybody dey run from una
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by paix(m): 10:08pm On Jan 15
Ihutomi:
u sound so out of context but I blem ur village people.akuna.
Sorry to disappoint you, I didn't come from a village. My town is a state capital.
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by JAYUK: 10:24pm On Jan 15
Please ,2020 budget is about 128 billion USD,we were told that part of the budget funds will be borrowed,let's pretend the borrowing is to augment the budget
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by 9jamag(m): 10:54pm On Jan 15
Jones8:

Can you make a site with just the ability to post pictures? More like a personal website.

Yes Sir, it'll my pleasure working with you on the project Sir
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Judybash93(m): 11:00pm On Jan 15
WeRblessed:
I'm not a prophet, but I see Nigeria becoming like Zimbabwe in less than three yeas from now. In fact, very soon, you will carry five hundred thousand naira in a Ghana must go bag just to buy a loaf of bread. Mark my word!

Our leaders have continually put Nigerians in debt that their childrens' children will never be able to get off from.

Great countries borrow money to create jobs, build roads, healthcare, and human service system, improve educational sector and military equipment, but our own is shared between the elites. The same countries they borrowed the money from is the same countries they will loot the money to.

God will forever punish Queen Elizabeth.


I think Somalia will be our case after we descend into anarchy

1 Like 1 Share

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by staaari: 11:40pm On Jan 15
BreconHills:


Bros you have a good imagination.

Nigeria has never defaulted on a bond payment. It is a first line charge on the federation account. This is the precise reason why it is investment grade. As for the wisdom of Pension funds taking up the bonds. Of course they should. It smooths out the variance in a retirement portfolio that should be close to zero risk YET match inflation. Bonds are excellent for this.

As to how you deduce that they are recycling bonds. I have to laugh. Do you think bond managers cannot see FG revenue against bond payments; capital and coupon? Are the reserves negative? I know we are on a public forum where there a lot of non finance/investment people that can be hoodwinked but fear God. Ponzi scheme indeed.

And there is also a huge retail segment in bonds. Huge. At 14% on average this a solid floor against stock market swings. What's not to like? I am buying for my children

well written.....

Fair enough Nigeria has not defaulted in recent times(don't forget PARIS club in 90s) but are we waiting till dey default?

CBN is bleeding the reserve to defend the naira exchange rate... that alone is not sustainable as our reserve is going down very fast.

14% is high yield bond for investors; the point is that what revenue/investment is Mr. Buhari making that will give naija more than 14% to break even on the coupon and capital repayment that will be due... NONE.

Already about 70% of revenue goes into interest repayment and capital on borrowed funds from both external and internal debts.

That is why Mr. Buhari: increased VAT, created more TAX sources eg... online purchases etc

Nigerians will have their disposable income reduced and cost of things going up more.

And they should pray crude oil price does not fall like 10%... it will be chaos.
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Cherez: 12:19am On Jan 16
faoogoke:


By the time you ask around many of those making comments here are supposed to be graduates!

It is pathetic that they don't know why governments all over the world issue bonds are regular intervals.

So sad for this country.
Kai! Nothing aboki no go see for gate.
Are you telling me that custom, JAMB, FIRS, etc today has doubled while some have tripled their revenue plus the useless bond with low rates, yet you dont provide common power, water, housing, healthcare, roads for your people like those countries you referenced?
Subsidy has tripled, upon the border closure oooo, fuel price almost doubled, taxes increased.
And you call yourself a graduate?
For not projecting and including necessary factors influencing a decision, sorry to say, a gala seller may do better.
I could dare you to show us a document of your tax as I'm sure you dont pay tax else you wont say this.

2 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by ACAN(m): 1:52am On Jan 16
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Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Legendguru: 9:12am On Jan 16
Elshaddai
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by menatate: 9:19am On Jan 16
Just click, you have the right to win. pg slot
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by cassbeat(m): 10:19am On Jan 16
Seriously this borrowing is not helping this country at all.. What about the recovered looted funds what are they doing with it? But mannabbqgrills won't see this or say anything about it cos his acclaimed godsent president is perpetrating it...I fear for the future
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by malcom2x(m): 11:49am On Jan 16
Just2endowed2:


You that's a graduate, the bond issue by fg, is that how other developed countries that issue bond spend the money? Compare what Nigeria use her bond to invest to make money that of other countries.

Most of them don’t know what FG bond is. They don’t know it’s opportunity to invest. They felt it’s bad due to the “borrowing” attached to the article.
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Just2endowed2(m): 12:07pm On Jan 16
malcom2x:

Most of them don’t know what FG bond is. They don’t know it’s opportunity to invest. They felt it’s bad due to the “borrowing” attached to the article.

lol
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by kryptem: 7:18pm On Jan 16
Nice rates to cash in....
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by ACAN(m): 10:31am On Feb 07
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