Naija! E be like say our Federal Government don ready to hustle more cash oh! Dem dey plan to raise N900 billion from bond auction wey dem wan do this January 2026. Na serious matter as dis number dey double the N450 billion wey dem target last year.
The Debt Management Office don drop some paper wey show say dis auction go carry three reopened Federal Government bonds wey dey total N900 billion. This one na serious increase from last year wey dem do.
Last year, dem carry calm vibes, but this year, na wah oh! Dem plan to raise N300 billion from the FGN February 2031 bond wey dey give 18.50 percent. Plus, dem go take N400 billion from the February 2034 bond wey dey carry 19.00 percent, and another N200 billion from di January 2035 bond wey dey shine with 22.60 percent. Chai! Money don dey high!
Dis increase wey dem dey plan no be ordinary wahala, e dey show say dem go dey focus more on long-term borrowing now. Last year, dem only offer N200 billion for ten-year bonds but dis year, dem dey ready to drop N600 billion for dem. Dis na sign say dem wan reduce wahala wey dey come with short-term borrowing.
As inflation dey cause wahala for everywhere, di coupon rates for dis new bonds still dey high. E mean say investors wan protect demself from price increase and interest rate wahala. Na why dem dey push to borrow more now.
But wait oh, even though dem wan raise big money, Minister of Finance, Wale Edun, don talk say dem dey plan to rely more on their own resources and reduce borrowing. Na di way forward be dis, as dem go dey try raise tax revenue and build beta financial standing despite di global economic wahala wey dey come.
So, my people, make we dey watch as dis bond auction dey happen; e fit change plenty things for our economy. No forget say money for hand be beta goal. We sabi say every kobo count!
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