Experts Warn as FG Considers 10% Ways and Means.
Economists are urging caution as the Tinubu administration considers increasing the use of Ways and Means advances from the Central Bank of Nigeria (CBN) to address revenue shortfalls. Experts warn that this move could worsen inflation, depreciate the naira, and increase the country’s debt burden. They recommend exploring alternative revenue sources and stimulating productivity instead. The National Assembly recently passed a bill allowing the CBN to provide up to 10% of the previous fiscal year’s revenue in advances to the government, raising concerns about the sustainability of such borrowing.
Tinubu, Central Bank of Nigeria, Ways and Means, revenue shortfall, inflation, naira, debt, alternative revenue sources, National Assembly, fiscal policy.
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