DMO: Securitisation of CBN’s N22.7trn loan will improve debt transparency

DMO: Securitisation of CBN’s N22.7trn loan will improve debt transparency

The Debt Management Office, DMO, says the securitisation of CBN’s N22.7 trillion “Ways and Means Advances’’ to the Federal Government will improve debt transparency. “Ways and Means Advances’’ allows the Federal Government to borrow short-term or emergency loans from the CBN to cushion expected cash receipts shortfalls. The Senate on Wednesday approved a request by…

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