Nigeria’s government shared 1.7 trillion naira in January 2025, boosting liquidity in the treasury bills market as yields decrease. Access Bank’s Anthony Aigbokhan discussed the implications during an interview.
In January 2025, Nigeria’s three levels of government—the Federal, state, and Local Government councils—shared a total of 1.7 trillion naira in revenue sourced from the Federation Account. This substantial allocation is anticipated to significantly enhance liquidity within the treasury bills market, particularly as market yields continue to experience a downward trend. Anthony Aigbokhan, a dedicated member of the Treasury Team at Access Bank, shared insights on this development during a discussion with CNBC Africa.
The recent sharing of 1.7 trillion naira in Federal Account revenue by Nigeria’s government tiers is expected to positively impact liquidity in the treasury bills market. With currently declining yields, industry experts, like Anthony Aigbokhan, express optimism regarding the effects of this allocation, indicating it may strengthen market activity further.
Original Source: www.cnbcafrica.com
