₦airaland Forum

Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday.

The roadshow, which is being organised by Citi and Standard Chartered, would run from November 12, for three days and be attended by Nigerian Finance Minister Zainab Ahmed.

The Senate had last month approved the issuance of $2.786 billion from the International Capital Market to partly finance the 2018 budget. This was sequel to the presentation at plenary of the report on the implementation of the new external capital raising of $2.786 billion from the International Capital Market approved in the 2018 Act by the Chairman of the Senate Committee on Local and Foreign Debts, Senator Shehu Sani.


In his presentation, Sani had said the committee emphasised the need for the federal government to reduce its request for more external borrowing “and source for other means of generating revenue internally”.

The Senate also observed that the issuance of the bonds will contribute to the implementation of the country’s Debt Management Strategy.

The Director General, Debt Management Office, Ms. Patience Oniha, had explained that in absolute term, Nigeria’s debt stock is not too high, saying “the problem is that we need more revenues so that we are not using a large part of our revenue to service debt.”

https://www.akelicious.net/2018/11/fg-plan-roadshow-ahead-of-28bn-eurobond.html

Welcome development......

GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI

THE RATE OF CONTRACT SIGNING DURING THIS PERIOD IS ALARMING

Sell bonds... Increase tax... And the masses pays for it when it matures. Vicious cycle indeed.

Means to loot

When you have a visionary President like Muhammadu Buhari, the result is a resounding success in every aspect of national planning.

With PMB, our debt management is assured

Nigerian Government's Financial Instrument is now longer lucrative under the leadership of the dullard general.

They have to hawk it like gala on traffic in order to market it

Okay

ok

Na today?

Road show for this one again

post=72806116:
Welcome development......

Even when you don't know the meaning and significance of Eurobond

Disguised means of borrowing more

This is just a classic case of a father eating the future of his children.....so sad that a country that has one of the best oil in the world is still a third world country and is still surviving on borro borrow.......selfish and vision-less leaders with nothing to offer but to steal our money.....and somebody will tell me buhari is not corrupt......mtcheewww

[img]https://media1./images/182abd956ccbe865425e14a152cea455/tenor.gif[/img]

Another subtle road campaign for 2019.

If care is not taken, Buhari will borrow Nigeria out of existence.

Ok, continue





Contact me for your customized wristbands for any of your events.
Check my signature for my whatsapp link

Slave trade never ended.

Bonds sales and foreign loan, APC's only way of mortgaging our collective future. The proceed of this jamboree is to fund a budget were almost 70% goes to recurrent expenditure (paying, security votes, salary, pension and allowance)

Gather here of you don't understand the terms used in this post

Raising funds to fund budget.

Please i dont get it, road show, what for?

Commentaries on this platform should be based on knowledge of the topic under discussion.

Enough of all these USELESS comments that have no relation to the topic.

Op, over you.

Before they trow Nigeria into further oblivion,baba God come and remove them from power ooo

Keyword in the article

DEBT..




In a country as ours, any debt is bad debt..

Waiting for when another southerner will come to clean up the mess...
Some sections of these country are just he'll bent on destroyING everything
No fiscal responsibility whatsoever

I beg are we not in November 2018 already..

We sell valuables when we are broke and need money to run...

That is just what your country is doing despite oil at $70, N328bn shared, N14tr debt etc..

This is alarming. What they are saying in absolute terms is that the FG wants to borrow $2.8b, yes billions not millions, to finance the 2018 budget.

How many months do we have before the end of 2018?

What about the billions claimed to have been recovered form looters?

What about the trillions claimed to have been generated from customs?

What about the so called trillions said to have been saved from TSA?

We 're about to borrow trillions of naira in Nov to fund the 2018 budget and everyone is cool with it... There is a saying that people deserve the leaders they have

I rest my case

rxmusa:
When you have a visionary President like Muhammadu Buhari, the result is a resounding success in every aspect of national planning.

With PMB, our debt management is assured

smh

post=72806116:
Welcome development......

GOD BLESS OUR PRESIDENT MUHAMMADU BUHARI

Chai!! Zombie

Using bond to fund fund budget! What a clueless administration

U are here writing welcome development.... ishie

Codes151:
Chai!! Zombie

Using bond to fund fund budget! What a clueless administration

U are here writing welcome development.... ishie

Confirm zombie, what do you know?
We got the rails and roads. better than nothing, as your corrupt masters squandered it all.
Before there were borrowings as well but we got nothing tangible to show for it. Susu.

Normally, we don't reply losers like you, but we just want to school you here a bit.
Now, reverse before you chop knock for your big head!
As e dey HOT!!

GOD BLESS NIGERIA