Experts raise concerns over FG’s borrowing limit from CBN

Experts have raised concerns about accountability and economic implications of the Nigerian Senate’s approval of an increase in the federal government’s borrowing limit from the Central Bank of Nigeria (CBN).

The Senate on 27 May made changes to a law, permitting the federal government to obtain additional funds from the Central Bank of Nigeria.

The legislature, in an emergency session, adopted changes that will permit an increase in its overdraft at the CBN.

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