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CBN ‘Ways and Means’ loan to the FG rise to N20 trillion as of June 2022
The Central Bank of Nigeria has extended a total sum of N19.9 trillion circa (N20 trillion) in loans to the Federal Government under its Ways and Means provision as included in the CBN Act.
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The Central Bank of Nigeria has extended a total sum of N19.9 trillion circa (N20 trillion) in loans to the Federal Government under its Ways and Means provision as included in the CBN Act.
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The Ways and Means provision allows the government to borrow from the Apex Bank if it needs short-term or emergency finance to fund delayed government expected cash receipts of fiscal deficits.
Provisions in the act cap monetary financing of fiscal deficits at 5%...
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Provisions in the act cap monetary financing of fiscal deficits at 5%...
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....of the prior year’s revenues.
However, since the government started experiencing a significant shortfall in revenue,
It has relied heavily on the central bank to finance its expenditure programs via Ways and Means.
According to the central bank’s....
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However, since the government started experiencing a significant shortfall in revenue,
It has relied heavily on the central bank to finance its expenditure programs via Ways and Means.
According to the central bank’s....
3/9
