President Muhammadu Buhari has forwarded to the Senate, a request for approval of restructuring of 23.7 trillion naira Ways and Means advances given to the Federal Government by the Central Bank of Nigeria.

The President as stated in a letter read in Senate Plenary said Ways and Means are advances from the CBN to the federal government for emergency funding of delayed receipt of fiscal deficit.

For expeditious consideration, the Senate President, Ahmad Lawan, forwarded the request to the Senate Committee on Finance for report consideration and passage at plenary.

The ways and means, balances as of the 19th of December 2022 is N23,719,703,774,306.90