I have 10 mil to put in fix deposit and I am considering an 8mil facility to import some equipment.  Does it make business sense? I appreciate your opinion.

Ok. For example lets say that you are getting 12% intrest rate on Fixed Deposit. But you have to pay 18% on the 8 Million.

Borrowing from the bank : scenario 1
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The difference is a spread of 5% interest x 8 million = 400,000 you have to pay in intrest.

Going it alone scenario 2
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No intrest to pay to the bank and no pressure.

But you will have limited liquidity.

The only way it makes sense if you are entrusted with someone else's money. But even this is risky.

The only advantage is that you are developing a relationship with the bank. But in essense you are borrowing the same money u gace them and paying intrest.

Now if they were going to give you 18milion after depositing 10 million then that are very good deal. But Naija banks don't take risks at all.

Good luck and God bless u in your endeavours.