https://www.youtube.com/watch?v=smgaGqD_cik


9  Benefits of Nigeria Repaying  The $500 million Eurobond Borrowed In 2013


By Osigwe Omo-Ikirdoah

Improved creditworthiness: this demonstrates Nigeria's commitment to fulfilling its financial obligations and boosts its creditworthiness in the international market.

Enhanced reputation: This reflects positively on Ni`geria's reputation as a responsible borrower. It showcases the country's ability to manage its debt effectively       and strengthens its standing among global investors.

Reduced interest payments: This has eliminated  future interest payments associated with the bond's coupon rate of 6.375% per annum.
Lower debt burden: This  contributes to lowering Nigeria's overall debt burden. It reduces the outstanding principal amount and the corresponding interest obligations, allowing the government to allocate resources to other priority areas such as infrastructure development, healthcare, or education.

Increased fiscal flexibility: Nigeria has more flexibility in managing its fiscal policies. It can allocate funds towards areas of national importance or address pressing economic challenges without the constraint of servicing the Eurobond.
Positive signal to investors: It sends a positive signal to international investors about Nigeria's commitment to honoring its financial obligations. This can attract more foreign direct investment (FDI) and stimulate economic growth by creating opportunities for job creation and infrastructure development.

Strengthened debt management operations: The successful redemption of multiple Eurobonds and Diaspora Bond over the years highlights Nigeria's strong debt management operations and planning.
Improved economic stability: By meeting debt obligations, Nigeria ensures economic stability, maintains investor confidence, and supports a favorable environment for both domestic and foreign businesses.

Long-term cost savings: This eliminates future interest payments, resulting in long-term cost savings for the government. The funds that would have been allocated to interest payments can be redirected towards developmental projects, social welfare programs, or reducing the budget deficit.

Source iReporteronline.
https://ireporteronline.com.ng/blog/9-benefits-of-nigeria-repaying-the-500-million-eurobond-borrowed-in-2013/

Teuh!! Op get sense, Tinubu is repaying $500m low interest bond to go and borrow $800m higher interest loan. You and Tinubu I do not know who is a worse economist.

Are you people not ashamed of borrowing ?

Who are this youths supporting the shamelessness of the present day APC Tinubu government

Una don borrow reach to borrow from Nigerian workers pensions, thieves .

Funnily, the money was borrowed by GEJ

You return $500m on Wednesday
Borrow $800m on Thursday
You be mumu 😂😂😂😂😂