Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
Defending the jump, DMO explained that the major addition to the public debt stock was the inclusion of the N22.71tn securitised FGN’s Ways and Means Advances, which was reflected in domestic borrowings.
Source: https://punchng.com/domestic-borrowing-jumps-by-134-rises-to-n52tn/
However, the CBN has said on its website that the Federal Government’s borrowing from it through the Ways and Means Advances could have adverse effects on the bank’s monetary policy to the detriment of domestic prices and exchange rates.
Source: https://punchng.com/fg-budgets-n1-2tn-to-service-cbn-loans/
It said in a statement yesterday that the figure which includes money owed by the federal and state governments did not include the federal government’s N22.7tr Ways and Means Advances of the Central Bank of Nigeria (CBN).
Source: https://leadership.ng/nigerias-debt-now-n49-8trn-dmo/
Previous reports also indicated that from January 2020 to November 2021, the FG paid an interest of N2.03 trillion on the loans it got from the CBN through the Ways and Means Advances.