FG total borrowing escalates to N15.51tn, rising by 2,286 per cent in six years – CBN

According to a data collated from the CBN, it shows that The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has escalated to N15.51tn, rising by 2,286 per cent in six years.


The N15.51tn owed by the Federal Government to the central bank is not part of the country’s total public debt stock, which stood at N33.11tn as of March 2021, according to the Debt Management Office.


The public debt stock comprises the debts of the Federal Government of Nigeria, the 36 state governments and the Federal Capital Territory.

CC PUNCH

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