Nigeria’s history of financial delinquency and rising domestic debt levels has pushed the FGN to seek the securitization and restructuring of financial obligations worth approximately N2.7trn ($8.8bn).
Through the issue of promissory notes, outstanding obligations, dating as far back as 1994, to government contractors and suppliers, pensions and salary arrears as well as debt to state https://tramadolbest.com governments are to be addressed.
Analysts are skeptical about the timing of this debt securitization and restructuring scheme and with good cause as a political cycle is underway. Nonetheless, the proposed initiative will have consequential impact on inflation, banking industry earnings and exchange rate stability.
In the attached bulletin, an in-depth analysis of this proposed debt scheme is proffered.
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