The Federal Government has raised a total sum of N11trillion naira through auctions and sales of Treasury bills and saving bonds issuance in four months.
An analysis of bonds and bills results issued this year by the Central Bank and the Debt Management Office showed that the government had raised N3.1trillion naira in Federal Government bonds and 7.92trillion naira in Treasury bills between January and April 2024, totalling N11.2trillion naira.
These bonds, being crucial instruments for the government’s debt management strategy, serve multiple purposes, including providing investors with a relatively safe investment option, assisting in managing the country’s debt profile, and facilitating efficient fund management. Specifically, treasury bills and Federal Government bonds are classified as risk-free, theoretically zero risk, because the government is assumed to always make good on its debts. If not, they can print money to pay it back.
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