According to data from the CBN, this represents an increase of N1.55tn within the first four months of 2022.
Ways and Means Advances is a loan facility through which the CBN finances the government’s budget’s shortfalls. “All advances shall be repaid as soon as possible and shall, in any event, be repayable by the end of the Federal Government financial year in which they are granted and if such advances remain unpaid at the end of the year, the power of the bank to grant such further advances in any subsequent year shall not be exercisable, unless the outstanding advances have been repaid.”
In June last year, London-based Capital Economics, in a report titled ‘The perils of deficit monetisation in Nigeria’, noted that over the past six years, on average, around 55 per cent of annual budget shortfalls has been financed by the CBN. The Washington-based bank added that the Federal Government’s borrowing from the CBN was increasing the cost of debt in the country.
We are fucked 🤦♂️ can’t anyone stop them 💔
Buhari has finished the Country..... borrow from CBN, borrow from outside Naija😭😭
This is why we need to stand up for ourselves
That's how we have been suffering from the first day APC came into power It's not a new thing. All they know is to make fake promises to Nigerian. Promise to pay police 20% increments in their salaries is fake.
Hmmm
What the fuck are they using this money for The economy is degrading... What's the essential of all these goddamn borrowing Future generations are in trouble 😢😢😢
All thanks to these three musketeers 👍🏾
Nigeria was a country
Chineke!!
This Buhari govt has zero tolerance for discipline. If not so, 'how on earth would a govt intentionally borrow this much''?
You can see how APC is borrowing from left right Centre Middle plus Back join so? If you go VOTE APC or PDP again especially as a Youth ehn? Infact!
Borrowing internally and externally 🙄🙄
These 3 heads kill the economy of this country, they don't have way of solving problems than to create more
He built bridge and train sha😑
My 9ja people,get your PVC. Don't just get mad at them. We will pack them all inside prison.
Is this playing, what type of playing is this? 🤔🤔
As them de borrow everybody done turn borrow borrow like this
FG’s stealing from CBN hits N19tn, inflation may worsen - Report
APC and Buhari government, what else is left. Killings, abductions, inflation, hunger and heavy burden of debt. Chai!
May a man as clueless as this never hold the helms of leadership again in this country
My gas don finish now, I no get money to go fill food don dey faya e never don to chop, u ppl r here talking about inflation 😔😔😔😔😔 God!
At this point, I envisage it would only be fool hardy for anyone to find the nerve to openly push APC as an alternative. The PDP years cleared out the debts incurred by past military governments.We need them to hit the ground running.
olusegunfadipe2 Print baby print
God😭😭😭
Why every Nigerian should support Peter Obi 4 President. It's no longer funny.
This woman face just fine for nothing but empty brain.
I just pity the incoming government. His eyes go see shege...
🤌
What industry are they borrowing for, what is the productiveness of their borrowing in order to pay back with the profits generated from such investment? Nothing. It is an obvious borrowing for consumption, for the 2023 election. They are borrowing so much yet to pay ASUU na war.
Why not sack these clueless man and woman or you step aside?
Good news is if they loose power we can collect it from them. Bad news if they retain power looter continue.
dondekojo Can this people just leave already.
There tenure have want to finish, they will ruin it very well then one of our two Grandpa's will pick it up from there 2023 to continue the drill, is this not a rape case like this!!!
As in nothing to share
And this is how it will continue if we don't vote the right person
lurdmanny Ozzypapa ismailadebiyi_
Like employer,like employee. Nothing to offer except sorrow, tears and hardship
Please lets us all endeavour to vote out APC come 2023, this party has ruined Nigeria.
FG borrows for a living
Borrow to steal
If this excessive printing is not checked properly a large proprtion of the middle class in the country will eventually be eradicated.
But na Obi be the problem
FG's borrowing from CBN = printing more naira notes.
Is not the fault of woman minister is whatever directives given she carries out
Don’t worry Mr Reporter, we have gotten used to the situation
So where are all the branded cars mr CBN?
AlabiGideonAba1 Where are these Fulani thieves taking all the money they borrowed to?
Make that three heads pay the debit.
And meffy still at the helm
N19trn Debt 😟😟
Eledumare oo
dondekojo The reason why these people do whatever they want is because the collapse of the Nigerian society is if no consequence to them.
FGN under Buhari, are the real 'Borrow Borrow Boys'
They've zero knowledge abt how to do nothing... From worse to worse
APC - Change!!!
These three people have damaged Nigerian economy beyond what the next president can handle for the next 4yrs PeterObi got works to do I swear 😬😏😥😒
Conundrum
PO work go hard gaaaan!
Mke this evil regime just chill
Buharinomics!
These three people have damaged Nigerian economy beyond what the next president can handle for the next 4yrs
Wetin we never see from this senseless government Only a fool will want anything to do with them after 2023
So there's still a worse situation looming. Why do these people desperately want to make us entirely worthless?
God which way?
Useless government still borrowing money and embezzling them
My own pain is my pension that these useless set of government have borrowed