The Federal Government of Nigeria is planning to borrow N1.76 trillion by selling Treasury Bills (TBs) in the third quarter of 2025. This new borrowing plan, announced by the Central Bank of Nigeria (CBN), will help support the 2025 national budget. Compared to the same time in 2024, the amount has gone up by 12.8%, as only N1.56 trillion was borrowed last year.

The CBN made this known in its Treasury Bills Issue Programme for Q3 2025. Treasury Bills are short-term loans that people and institutions can buy from the government. They are usually paid back in less than one year. The CBN uses these bills to raise funds for the government and to control the flow of money in the country.

The programme started on July 2 and will end on September 24. During this time, the government hopes to raise N340 billion from 91-day bills, N230 billion from 182-day bills, and a large part—N1.19 trillion—from 364-day bills. People who buy these bills will start getting paid back from July 3 until September 25.

According to the schedule, the CBN plans to raise N540 billion in July, N450 billion in August, and N770 billion in September. Each month will include a mix of the three types of Treasury Bills, but most of the borrowing will come from the 364-day option.

This borrowing strategy shows the government’s plan to manage its finances through internal sources like Treasury Bills instead of depending heavily on foreign loans