Buhari to leave behind debt of N77tr via politicsngr
POLITICS NIGERIA reports that the outstanding payments will be made up of N44.06 trillion total debt stock as of the third quarter of 2022, N22.7 trillion Ways and Means borrowed from the Central Bank of Nigeria , projected new borrowings of N10.57 captured in the 2023 budget, and issuance of promissory notes.
The DMO helmsman who spoke at the “Public Presentation and Breakdown of the Highlights of the 2023 Appropriation Act” in Abuja on Wednesday argued that if the National Assembly approves the ‘securitisation’ of the N22.7 trillion Ways and Means debt secured from the CBN, the cost of servicing the loan would significantly reduce.
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