The National Assembly has now set up a committee to review the request of the Federal Government (FG) to securitize the government’s overdraft with the Central Bank of Nigeria (CBN). According to the Director General of the Debt Management Office (DMO), the move by the FG was meant to increase transparency over the national debt situation. Previously the debt profile of the country (N44.1tr as of 2022) had excluded the CBN’s Ways and Means (W&M) component.

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