Alarm, as FG chokes private sector out of bonds market

*FG raises N4.7 trillion as corporates elevate N802 bn YtD

*Analysts advise possibilities on personal sector debt cash

*Danger of sovereign default, financial nightmares rising, use of debt as funding instrument careless — Experts

By Peter Egwuatu

Indications have emerged that the Federal Government’s bond challenges are squeezing the private sector out of the bonds marketplace as it has lifted more than N4.7 trillion, much earlier mentioned what  private sector organisations have been equipped to raise from the Nigerian funds market, Year-to-Day, YtD August 2021.

The private sector lifted N802 billion in corporate bonds from the money industry for the very same period of time.

For that reason, analysts and capital current market operators have criticised government’s abnormal borrowing from both inner and global markets without thinking about the revenue to provider the debt even as it has attained the alarming place of crowding out the effective authentic sector.

Minnie Arwood

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