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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/
The consequences of the securitised policies have also been visible in the northern part of Cyprus, which in recent years, has been witnessing a very heavy-handed control by Turkey.
Source: https://cyprus-mail.com/2023/06/11/sinister-intelligence-chief-named-turkish-foreign-minister/