Tinubu’s Govt. Borrows N3.8 Trillion from CBN in Just 6 Months

In a stunning revelation, the latest statistics bulletin from the Central Bank of Nigeria has unveiled a staggering surge in government borrowing, contradicting earlier claims.

Despite Finance Minister Wale Edun’s denial, data reveals a whopping N3.8 trillion injection into the treasury through Ways and Means Borrowing, raising eyebrows and questions across the nation.

From a starting point of N4.4 trillion in June, the balance soared to a jaw-dropping N8.2 trillion by December 2023. This startling escalation paints a vivid picture of Nigeria’s fiscal landscape under Tinubu’s leadership. What’s more, the trajectory of borrowing spiked monthly, culminating in an unprecedented 88% surge within half a year.

This bombshell report challenges narratives and sparks debates about the country’s economic strategy and accountability. Stay tuned as Nigeria grapples with the implications of this financial rollercoaster and its impact on the nation’s future.