How FG Borrowed Over N3.8trillion From CBN In 6 Months - Politics

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How FG Borrowed Over N3.8trillion From CBN In 6 Months - Politics - Nairaland

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How FG Borrowed Over N3.8trillion From CBN In 6 Months by ivandragon: 9:03am On Apr 27

How Tinubu Government Borrowed Over N3.8trillion From Nigerian Central Bank In Six Months – Report

In the last six months of 2023, the President Bola Tinubu-led Nigerian government received an additional N3.8trillion in what appeared to be a fresh Ways and Means borrowing.

This was confirmed in a provisional data published in the latest statistics bulletin for the fourth quarter of the year recently released by the Central Bank of Nigeria (CBN).

This is despite claims by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, that the President Bola Tinubu government had not borrowed money from the CBN.

The CBN’s provisional data showed that the total figure rose from N4.4 trillion at the end of June 2023, meaning that the cumulative Ways and Means balances due by the government grew to N8.2 trillion as at December 2023.

Total Ways and Means balances as at May 2023 when the Tinubu administration took over was N26.95 trillion. However, the balances were securitised as included as part of the federal government’s domestic debt profile.

According to Daily Trust, a breakdown of the data shows that the balance at the end of June 2023 was N4.36 trillion, indicating that the prior month balances may have been moved to the Debt Management Office.

However, from July 2023, the balances increase every month, first to N4.5 trillion in July, then N5.1 trillion in August, crossing the N5.1 trillion mark for the first time.

By September, the total was N6.4 trillion, representing the single largest additional borrowing for a month with about N1.3 trillion. It then climbed to N7.2 trillion in October before rising marginally to N7.6 trillion in November.

At the end of the year, in December, the total hit N8.21 trillion, suggesting that Ways and Means increased by 88 per cent in six months.

https://saharareporters.com/2024/04/27/how-tinubu-government-borrowed-over-n38trillion-nigerian-central-bank-six-months-report?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews

2 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by MrProlific95: 9:06am On Apr 27

Aaa,

Ain't this the same mistake Buhari government made?

How can Tinubu be worsw than Buhari, haaaaaa

Tinubu will finish the poor oo

92 Likes 7 Shares

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Nonny95: 9:06am On Apr 27

Lol.

Wale Edun and Cardoso come outside 😂😂

FreestuffNG Paraman Yarimo Seunmsg Madridguy LegendHero come and explain this to us in balublu

With this rate, it will be 7.6trillion printed in one year and 30trillion printed in 4 years😂.

NIGERIANs brace up.

Buhari I'm sorry for calling you clueless

89 Likes 7 Shares

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by ivandragon: 9:07am On Apr 27

The APC administration does not seem to understand what it means to govern transparently.

They say one thing while doing the opposite and not as if they do it well.

There is nothing wrong for the government to borrow or seek Ways to cushion the hardship they brought to the country.

But be sincere and open. That is what creates stability in the economy. When businessmen know exactly what the government is doing and the government is open about it, they can plan for the medium to long term.

Don't say you are not borrowing or defending the naira when it is obvious you are. It shows insincerity and discourages investments.

104 Likes 9 Shares

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by blackboy(m): 9:11am On Apr 27

I thought the CBN boss said this government has not borrowed from CBN .
I'm confused oooo.
Who is lying ? If government officials lies abroad he looses his job here lying is ...,.

68 Likes 6 Shares

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by nedu666: 9:14am On Apr 27

The same cbn that claimed it has not lent money to fed govt by ways and means. Na wa for cardi b

62 Likes 3 Shares

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Nonny95: 9:50am On Apr 27

nlfpmod fergie001

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by DMerciful(m): 10:13am On Apr 27

Tilumbu the master strategist with NO strategy!

Gbola Tilumbu show workings!

LegendHero, tell Ebola to show workings and leave propaganda!

35 Likes 1 Share

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by grandstar(m): 10:13am On Apr 27

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Taich(m): 10:13am On Apr 27

The real enemies of Nigeria hiding in plain sight while giving peanuts to their online Vuvuzealas. After borrowing;
Fuel prices, food prices, energy bills all shot up and they still managed to convince their fan base how Naira depreciation is a result of manipulation.

49 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Eriokanmi: 10:13am On Apr 27

Na obi cos am. See as they'd shift goal post and be talking of how much obi took as loan when he was Anambra governor.

These people messed everything up with propaganda. Nigeria isn't the largest economy in Africa anymore

33 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by MajorOvakporaye(f): 10:13am On Apr 27

An incompetent Chicago runaway drug criminal can never turn the country's economy around. Gbola Tilumbu has nothing reasonable to offer the country. An old dead brain that has been rendered incapacitated by hard drugs is what is inside his skull, nothing else.

35 Likes 1 Share

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Thewrath(m): 10:14am On Apr 27

Normally,it’s people from that side they can deceive,maybe it’s obi that made them to borrow after claiming not to have borrowed,worse off is that there will be nothing to show for it,f…king piss of shits!

34 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Racoon(m): 10:14am On Apr 27

After all the lies of spurious revenue generation from consolidated revenue drive, MDAs, customs, and DFI? Government of balabloo-blu-bulava Tinubulation economics Meanwhile,

20 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by iwaeda: 10:14am On Apr 27

ivandragon:

https://saharareporters.com/2024/04/27/how-tinubu-government-borrowed-over-n38trillion-nigerian-central-bank-six-months-report?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews

When we said this government is heavily lying about everything, kids will see us as not patriotic. Anyway enjoy your propaganda. grin

25 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Hezzyluv: 10:14am On Apr 27

After 3.8 trillion, they still have to resort to emptying the foreign reserve just to fight to stabilize the naira. Providing temporary solutions for long term problem. undecided

26 Likes 1 Share

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Chetas81(m): 10:15am On Apr 27

TINUBU government

1 Like

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Hamachi(f): 10:16am On Apr 27

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Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Caramia2020(m): 10:16am On Apr 27

APC and lies is like rice and beans, it's shameful we can't trust the government because no sincerity.

15 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Bobloco: 10:17am On Apr 27

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by richidinho(m): 10:17am On Apr 27

2 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by athaboi(f): 10:17am On Apr 27

This is the APC that brainless people are supporting! Nigeria is just an unfortunate place...fools suffering and still smiling bcoz it's their tribes man.. Nigerians don't even know what a good life is. A very shameless people

22 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Deon28(m): 10:17am On Apr 27

Same government who said removing subsidy, government don't have to borrow money again. So where's the subsidy money.? Nigeria my country

19 Likes 1 Share

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by EKONGKING: 10:17am On Apr 27

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Skillsnigeria: 10:18am On Apr 27

Hmmm

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Obakoolex(m): 10:19am On Apr 27

The more you look the less you see undecided

Even we Patriots mind don dey shake grin

14 Likes 1 Share

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Preciousnobel2: 10:19am On Apr 27

This government sha dey burrow money anyhow mortgaging the future of unborn children

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1 Like

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by derecho(m): 10:19am On Apr 27

Tinubu
The two things he's good at:
Steal and tax people

10 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by andy244: 10:19am On Apr 27

Tinubu is a klepto. This guy has stolen Nigeria dry already. This country needs to be divided so Amoda Ogunlere from Iragbiji will be the president of Agbado country and pocket them. Shame to all Tinubu supporters

Tueeeee

23 Likes 2 Shares

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Lifestone(m): 10:20am On Apr 27

But Wale Edun told us they have not borrowed from the CBN since the inception of this Administration.
Our leaders are not sincere.

21 Likes

Re: How FG Borrowed Over N3.8trillion From CBN In 6 Months by Treadway: 10:21am On Apr 27

Yea. I read this yesterday.

Again, people wonder why some of us who are sane, do not take the words of these brigands seriously. It is because they are pathological liars, they are inconsistent, and they are untrustworthy.

With all the empty noise that Wale Edun made about ways and means being the reason for our inflation, who would expect that same Wale Edun and Cardunce-o still dey dish out same ways and means steady?

Grandstar see your crew o

They were shouting ways and means just about a month ago as the reason for the country's woes and blaming Emefoole, meanwhile, they and their principal included all got the excess money that was printed, and when Emefoole even tried to mop up the money back thru the naira redesign policy, they made sure the people rose up against the policy, just as they made sure people including me rose up against Jonathan removing subsidy in 2012, but they will still after all this come in front of a mic and tell bold faced dumb and inconsistent lies, and their horde of APC zombies here will say you are not a patriot for not believing obvious lies.

Very funny people and funny country.

We dey watch.

16 Likes

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