May 4, 2023

[GIST] Nigeria to spend next 40 years repaying controversial N23.72tr CBN overdrafts to FG

[GIST] Nigeria to spend next 40 years repaying controversial N23.72tr CBN overdrafts to FG

The Guardian Nigeria News – Nigeria and World News https://bit.ly/3JsbvM2

The Senate, yesterday, abandoned its previous hard line stance and approved the conversion to a 40-year bond of the N23.72 trillion Federal Government’s unappropriated expenditure funded by the Central Bank of Nigeria (CBN) through its ways and means (W&M) window.

The post Nigeria to spend next 40 years repaying controversial N23.72tr CBN overdrafts to FG appeared first on The Guardian Nigeria News - Nigeria and World News.

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