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The CBN’s provisional data showed that the total figure rose from N4.4 trillion at the end of June 2023, meaning that the cumulative Ways and Means balances due by the government grew to N8.2 trillion as of December 2023.
However, from July 2023, the balances increased every month, first to N4.5 trillion in July, then N5.1 trillion in August, crossing the N5.1 trillion mark for the first time.
A breakdown of the data shows that the balance at the end of June 2023 was N4.36 trillion, indicating that the prior month’s balances may have been moved to the Debt Management Office (DMO)..
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