Nigeria at 64: Tinubu Announces N30 Trillion CBN Ways and Means Loan Cleared, Debt Service Ratio Cut to 68%

President Bola Ahmed Tinubu has announced that his administration has cleared a N30 trillion Ways and Means loan from the Central Bank of Nigeria (CBN), a major financial milestone for the country. He made this disclosure during his 64th Independence Day nationwide broadcast on Tuesday, signaling a significant economic achievement under his leadership. The President emphasized that within the last 16 months, his administration has made strides in retooling and repositioning the nation’s economy. He also noted that Nigeria’s debt service ratio has been reduced from 97% to 68%, improving the country’s fiscal outlook. “The economy is undergoing necessary reforms...

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