[New post] BREAKING: Tinubu’s Led-Govt Takes Fresh N4.05trn Loan From CBN

Emmanuel Atseyinku posted: " The federal government has taken N4.047trn additional borrowings between January to September 2023, thereby raising fresh concerns on a repeat of the abuse of the 'Ways and Means' loan taken by the immediate past president, Muhammadu Buhari and the forme" 9News Nigeria BREAKING: Tinubu's Led-Govt Takes Fresh N4.05trn Loan From CBN Emmanuel Atseyinku Dec 1 The federal government has taken N4.047trn additional borrowings between January to September 2023, thereby raising fresh concerns on a repeat of the abuse of the 'Ways and Means' loan taken by the immediate past president, Muhammadu Buhari and the former Central Bank Governor, Godwin Emefiele. The borrowing was taken from the domestic market. This was disclosed in the breakdown of the 2024 executive budget proposal. The 2023 N24.trn budget has a projected fiscal deficit of N13.79 trillion, with a pro-rata deficit of N10.33 trillion at the end of September. However, the actual deficit was N4.05trn and was mainly financed by domestic borrowing. Manage your email settings or unsubscribe. Trouble clicking? Copy and paste this URL into your browser: https://9newsng.com/breaking-tinubus-led-govt-takes-fresh-n4-05trn-loan-from-cbn/

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