FGN Bond Allotments Rise 106% to N7.15 Trillion in Nine Months, Signalling Capital Crowding Out

Nigerian federal government bond allotments have risen 106 percent to N7.15 trillion in the first nine months of the year, reflecting heavy government borrowing that analysts describe as crowding out private capital. The trend compounds the macro pressure signal from Nigeria's N68 trillion budget and rising public debt reported on 30 September.