An insightful analysis. It is encouraging to see the government being creative and turn its bills/debt into a capital market instrument. I'm curious: if it lacks the cash to settle the debts today, how does it plan to fulfill these bond obligations upon maturity.
Therein lies the real question. But the transaction legally buys them time to figure out. Ultimately, it has to involve increased government revenue from material economic growth
An insightful analysis. It is encouraging to see the government being creative and turn its bills/debt into a capital market instrument. I'm curious: if it lacks the cash to settle the debts today, how does it plan to fulfill these bond obligations upon maturity.
Therein lies the real question. But the transaction legally buys them time to figure out. Ultimately, it has to involve increased government revenue from material economic growth
The funny part of it is that Nigeria still cannot build the smallest power plant or transmission network entirely by herself.