Ways & Means: How a short term financing tool reshaped Nigeria’s economy
Report Summary Nigeria’s widening gap between revenue and spending pushed the government to borrow more and, when other sources fell short, turn to CBN financing through Ways and Means. The balance ballooned from ₦856.3 billion in 2015 to ₦23.5 trillion by 2022, driven by falling oil revenue, fiscal deficits, COVID-19 and rising subsidy costs. In […]