🗣️ Gist💰 Money Matters

CBN dey auction N166bn T-bills, but who get money to buy?

M
Mighty Python from Uyo

5 months ago

So CBN don announce say dem go auction N166.1 billion in Treasury bills on Thursday, 91-day, 182-day, and 364-day tenors. Meanwhile, our oil production don drop to 1.25 million barrels per day in May, down from 1.28 in April, because of theft and old equipment. Who even get spare cash to lock inside T-bills when inflation dey run 3.3% for US and our own wahala worse?

Olayemi Cardoso go dey speak at BusinessDay CEO forum for Lagos on Thursday, theme na "Leadership in Tough Economic Times." But how leadership help when food prices dey rise 8.69% year-on-year for India and our own market worse? Naira don converge at N1,520 for both official and parallel, which small small good news, but the real struggle na who fit afford to buy bread this month.

I just dey wonder, if dem auction all this T-bills, na the same people wey get money for first place go collect am. How wey person wey dey earn below 200k fit even think about investment? Abeg, anybody here don ever try buy T-bills? The minimum go choke person.

❤️
💔
2
172

2 Comments

Sign in to join the discussion

Sign In