The Federal Government has borrowed N5.84 trillion from the bond market in 2024 to bridge the budget deficit. This move was made in order to address the financial gap and ensure that the government can continue to fund its operations and projects. Bond market borrowing is a common practice for governments to raise funds when faced with budget shortfalls. By tapping into the bond market, the government is able to secure the necessary funds to meet its financial obligations. This borrowing helps to ensure that essential services and projects can continue without interruption.
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