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. President Muhammadu Buhari, last year, wrote the National Assembly to approve the amount alongside a fresh … Continue reading Nigeria to spend next 40 years repaying controversial N23.72tr CBN overdrafts to FG
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