Ways and Means Archives

Opposition reps walk out of plenary over bill to raise ways and means to 10%

There was chaos at the house of representatives on Wednesday over a bill seeking to raise the ways and means advances from 5 percent to 10 percent of the previous year’s revenue of the federal government. Ways and means is a loan facility through which the Central Bank of Nigeria (CBN) finances the federal government’s budget shortfalls. The CBN

How Abuse of Ways & Means worsened inflation in Nigeria

Amidst lingering controversies over the securitization of outstanding Ways & Ways, economists and financial analysts have indicated that the measure poses a huge threat to price stability with sustained inflationary pressures. They also hinted that the situation has now burdened the Central Bank of Nigeria, CBN, with a battle to control excess money in circulation