By Ajibola Olaide, JKNewsMedia Reporter
THE FEDERAL Government has said it will raise N1.76 trillion by issuing Treasury Bills in the third quarter of 2025, according to a new borrowing schedule released by the Central Bank of Nigeria (CBN).
The amount reflects a 12.8 percent increase from the N1.56 trillion raised through similar instruments during the same quarter in 2024.
Treasury Bills, which are short-term debt securities issued by the apex bank on behalf of the government, form a key part of the federal government’s domestic borrowing strategy.
The new issuance covers the three-month period from July 2 to September 24, with corresponding settlement dates between July 3 and September 25, 2025.
Breakdown of the planned borrowing reveals that N340 billion will be raised through 91-day Treasury Bills, N230 billion through 182-day bills, while the bulk, N1.19 trillion, will be sourced from 364-day bills.
This suggests a stronger reliance on longer-term instruments within the short-term borrowing category.
The updated borrowing plan was disclosed in the CBN’s Treasury Bills Issue Programme for Q3 2025, which was made public in Abuja.
The move also aligns with the broader fiscal plan of the federal government to finance budgetary requirements through a mix of domestic and external debt instruments.
CBN notes that market analysts are expected to monitor the impact of the increased borrowing on interest rates and liquidity in the financial system.
The auction process will also be conducted by the central bank through its regular open market operations.
