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CBN’s life support to FG rises 780% to N8.12trn in 4yrs

Nigeria’s quest to fund an ambitious budget despite gaping revenue shortfalls has led the Federal Government’s outstanding loans/overdrafts owed to the Central Bank of Nigeria (CBN) to hit a whopping N8.1 trillion at the end of 2018. The amount surged as much as 780 percent from N922 billion in 2014, according to data obtained from…

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