How Nigeria Is Traded Away Via Bond Sales By Ettu Mohammed

The Nigeria Government via the DMO is busy mortgaging the future of our unborn kids. they have accumulated  so much debt in the last 50 days to fund Federal Govt fiscal operations which is majorly consumption. 
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Between January 1 and Feb 20 2020 the Federal Government of Nigeria through the Debt Management office has allotted a total of N527.8 billion  Naira ~ ($1.73 billion)as bond to investors between 5-30 years at an average rate of 10.85%. 
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January  2020 a total of N411.8 billion bond was allotted to investors. 
A. 13.1 % ~N53.5 billion was allotted to investors @ 9.85% for 5 years 
B. 32% N131.8 billion was allotted to investors @ 11.13 % for 10years 
C. 55% ~ N226.49 billion was allotted to investors @12.56 % for 30 years. 
Calculating our debts when they mature between 2025, 2030 and 2050. 
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A = P(1 + rt)
Where:
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in decimal; r = R/100
R = Rate of Interest per year as a percent; R = r * 100
t = Time Period involved in months or years. 
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In 5 years 
Amount = N53.5  billion (1 + (9.85% * 5years)) ~ N79.8  billion. 
In 10 years
Amount = N131.8 billion (1 + (11.13%*10years)) ~ N278.5 billion 
In 30 years 
Amount = N226..49 billion (1+(12.56%*30years))~ N1.079 trillion. 
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February 2020 a total of N160 billion bond was allotted to investors. 
A. 19.7 % ~N31.52 billion was allotted to investors @ 8.75% for 5 years. 
B. 24% ~N38.4 billion was allotted to investors @ 10.7% for 10 years. 
C. 56.3% ~ N90 billion was allotted to investors @12.15% for 30 years. 
Calculating our debts when they mature 
A = P(1 + rt)
Where:
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in decimal; r = R/100
R = Rate of Interest per year as a percent; R = r * 100
t = Time period involved in months or years
In 5 years 
Amount = N31.52 billion (1 + (8.75%*5years)) ~ N45.31 billion. 
In 10 years
Amount = N38.4 billion (1 + (10.7%*10years)) ~ N78.5 billion 
In 30 years 
Amount = N90 billion (1+(12.15%*30years))~ N418.05 billion 
 In Total The Federal Government of Nigeria has indebted Nigeria to the tune of (N79.8 billion + N278.5 billion+ N1.078 trillion N45.31 billion + N78.5 billion + N418.05 billion ~ N1.937 trillion ~ ($ 6.35 billion) by the end of 2050 this is without inflation and exchange rates. 
Our kids already owe some investors $6.35 billion dollars they don’t know about.