Why Nigerian govt issued N8trn treasury bills – Finance Minister, Edun

Why Nigerian govt issued N8trn treasury bills – Finance Minister, Edun

Why govt issued N8trn treasury bills – Finance Minister, Edun

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Minister of Finance, Wale Edun, has said that the issued N8 trillion in security, known as treasury bills, to stabilize and boost the economy.

He disclosed this in an interview with journalists on Thursday during the International Monetary Fund, IMF/World spring meetings in Washington D.C., of .

He noted that the fiscal authority and the , , have collaborated to attract foreign investment through securities issuance.

“A large part of the securities that have been sold, the come, and they get in exchange and use it to invest in securities,” Edun explained.

“Out of N8 trillion that has roughly been issued in securities by the CBN and ministry of finance, the majority has come from treasury bills, treasury certificates.

“It is showing the complementarity of the CBN, signalling by the fiscal authorities rising to the challenge of providing enough merchandise for foreigners to bring their dollars and invest in naira securities,” he stated.

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