The Central Bank of Nigeria (CBN) monetarists are unhappy with the government persisted resorting to the accumulation of debt to finance its operations as it will further compound the country’s debt services and debt to revenue ratio.
In their personal notes at the last Monetary Policy Committee (MPC) meeting published by the regulatory bank on Thursday, members said government must cut down on the cost of governance and inefficient spending by government agencies.
Read more on: CBN monetarists decry government increased reliance on debt to finance budget
Thursday 13 August 2020
CBN monetarists decry government increased reliance on debt to finance budget
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