Good News as FG Settles Important Debt With a Domestic Creditor [Video]

The Minister of Finance, Wale Edun, said the Nigerian government will settle its CBN debt with the CBN
Edun said the N4.83 trillion earned via T-Bills and Bonds would be used to offset CBN’s Ways and Means advances
He said that Nigeria’s securities are increasingly attracting investors amid renewed confidence in Nigeria’s economy

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The Nigerian government has allocated about N4.83 trillion from the earnings of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle the Ways and Means advances from the Central Bank of Nigeria (CBN).

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this during his presentation at the Lagos Business School Breakfast Club.

President Bola Tinubu’s government settles CBN’s Ways and Means advancesCredit: State HouseSource: Facebook