Buhari Says Govt Will Pay N1.8 Trillion Interest On N23.7trn CBN Loan - Investment - Nairaland
Nairaland Forum / Nairaland / General / Investment / Buhari Says Govt Will Pay N1.8 Trillion Interest On N23.7trn CBN Loan (131 Views)
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| Buhari Says Govt Will Pay N1.8 Trillion Interest On N23.7trn CBN Loan by Newsfrica: 10:36am On Jan 05, 2023 |
President Muhammadu Buhari disclosed that the Central Bank of Nigeria (CBN) will have to be paid N1.8 trillion if the National Assembly doesn’t restructure the N23.7 trillion loan obtained from the apex bank. Buhari said the government is currently paying three per cent more than the 16.5 per cent interest rate offered by the central bank, as such, there’s a need to restructure the loan into bonds. Read More>> https://www.primebusiness.africa/buhari-says-govt-will-pay-n1-8-trillion-interest-on-n23-7trn-cbn-loan/
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