Federal Government Pays N405billion Interest on CBN Loans

today08/03/2022 16

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The Federal Government has said it paid an interest of N405.93billion from January 2022 to April 2022 on the loans it got from the Central Bank of Nigeria through the Ways and Means Advances.

This is according to data obtained from the government’s Medium-Term Expenditure Framework and Fiscal Strategy Paper 2023-2025.

Written by: Helen Obih

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