It’s so sad to say, Nigeria is a failed state as this means of Investment is now considered a bad decision to take!
The Nigerian Interbank Treasury Bills True Yield went negative on Tuesday with a 90-day treasury bill trading for -0.0109%.
The 6 months, 3 months, and 9 months treasury bills true yield traded at -0.0369%, 0.0689%, and -0.0920% respectively.
What does this means?
In case you don’t know what this means, then the below simple calculation will make you understand and maybe then you will understand how much Nigerian Government has failed it’s people.
Thismeans you will get 0.09% returns on your Investment if you invest your Money in the Nigerian Treasury Bills.
So, let’s say you invest N10,000,000 (10 Million Naira), it means you will get 0.09% of 10m and that’s N9,000 profit in 1 year
If you invest N1,000,000 (1 Million Naira), you will get N900 in 1 year
Terrible right? That’s how bad and terrible the Nigerian Treasury bills have become.
In fact, investing in Bitcoin or your own Business is better than investing in treasury bills.
May God help us in this country.