Danger of FG’s over-borrowing from CBN

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Tribune Online
Danger of FG’s over-borrowing from CBN

CBN N45 billion monthly from TSA, N676.407 billion for July, FG spends N4.45trn in Q2, FAAC, Growing hunger, eligible states, Nigeria, grants, COVID-19,VAT by additional 2.5%

Fitch, a global rating agency last week warned the Federal Government of Nigeria against repeated recourse to ways and means financing (WMF) from Central Bank of Nigeria (CBN). In this analysis, CHIMA NWOKOJI examines the implication of continuous borrowing from the apex bank above the limit stipulated in the Act. FOLLOWING the Federal Government’s failure […]

Danger of FG’s over-borrowing from CBN
Tribune Online



Source: Nigerian Tribune

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