Central Bank of Nigeria Pushes States to Cut Reliance on Overdrafts

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The Central Bank of Nigeria (CBN) has issued a stern warning to state governments over their growing reliance on overdrafts and short-term borrowing, highlighting the risks to Nigeria's inflation-targeting framework and economic stability. Despite improved FAAC allocations, Nigeria’s subnational external debt climbed 18.43% to $5.68bn in 2025. Muktar Mohammed, CEO of FinanceWithMuktar, joins the conversation. SUBSCRIBE to our YouTube channel: http://youtube.com/newscentraltvafrica for more videos Follow News Central on: Facebook: https://www.facebook.com/NewsCentralAfrica Twitter: https://twitter.com/NewsCentralTV Instagram: https://www.instagram.com/newscentraltv LinkedIn: https://www.linkedin.com/company/18775091/admin/feed/ Threads: https://www.threads.net/@newscentraltv TikTok: https://www.tiktok.com/@newscentraltv For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance