Finance Minister Wale Edun confirms Tinubu-led government has not borrowed from CBN, plans to use 'Ways and Means' to address liquidity oversupply and combat inflation.
Finance Minister Wale Edun clarified that the Tinubu-led government has not borrowed from the Central Bank of Nigeria (CBN), addressing concerns about liquidity oversupply in the system. The government aims to employ 'Ways and Means' to tackle the issue, working in collaboration with fiscal and monetary authorities to combat inflation, stabilize prices, and lower interest rates for affordable borrowing and economic recovery.
April 19, 2024
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