FG borrows N2.45tn from CBN amid fiscal risks

The total borrowing of the Federal Government from the Central Bank of Nigeria through Ways and Means Advances increased from N17.46 trillion in December 2021 to N19.91 trillion in June 2022.

According to CBN data, the Federal Government borrowed N2.45 trillion from the apex bank in six months.

According to the Debt Management Office, the…