‘Financing N9.18 trillion budget deficit locally could fuel bond market interest rates’- Former CIS Boss

The former President of the Chartered Institute of Stockbrokers and Managing Director/Chief Executive of Arthur Steven Asset Management Limited, Mr. Olatunde Amolegbe has projected a potential consequence of financing the budget deficit of N9.18 trillion in the local market.

Amolegbe noted that such an initiative may contribute to an escalation in interest rates within the bond market.

He stated this while addressing participants at the 2023 market review and 2024 projection event recently organized by the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos.