Nigeria - The Senate Appropriates Ways and Means Advances Under Buhari

Nigeria - The Senate Appropriates Ways and Means Advances Under Buhari

thewill news media

The Senate on March 12, 2024 commenced another fact-finding process. Ways and means is a loan facility through which the central bank finances the government’s budget shortfalls. The Central Bank of Nigeria (CBN) Act 2007 stipulates that the apex bank may grant interim advances to the Federal Government in respect of temporary deficiency of budget revenue.

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