FG opens up on ending central bank borrowing for debt servicing

  • CBN’s ways and Means facility will no longer be used by the federal government to settle its debts
  • The minister said that the objective of the economic stabilisation plan is to maximise the benefits of ongoing reforms
  • Edun declared that the government’s economic plan will include fiscal measures to support manufacturers

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

The federal government has formally stopped using the Central Bank of Nigeria’s (CBN) Ways and Means facility to pay off its obligations.