In January 2025, Nigeria’s FAAC allocated 1.7 trillion naira among federal, state, and local governments. This distribution is predicted to bolster liquidity in the treasury bills market, which is currently experiencing declining yields. Anthony Aigbokhan from Access Bank provided insights regarding these developments.
In January 2025, Nigeria’s Federation Account Allocation Committee (FAAC) distributed a total of 1.7 trillion naira among the three tiers of government: the Federal Government, state governments, and local government councils. This allocation is expected to enhance liquidity levels within the treasury bills market, especially as market yields have been on a decline. Anthony Aigbokhan, part of the Treasury Team at Access Bank, expressed his views on the financial implications of this distribution during a discussion with CNBC Africa.
The FAAC’s sharing of 1.7 trillion naira in January 2025 is anticipated to positively impact the liquidity in the treasury bills market. With declining yields, this allocation from the Federation Account is poised to support financial stability among various government levels in Nigeria. Insights from financial experts like Anthony Aigbokhan help to elucidate the significance of these allocations.
Original Source: www.cnbcafrica.com
