Government deposits with CBN rises 46% to N24.9 trn

By Elizabeth Adegbesan  Government deposits with the Central Bank of Nigeria,  CBN,   grew   by 46.9 percent year-on-year, YoY, to N24.9 trillion in 2024 from N16.94 trillion in 2023.This is contained in the recently released Financial Statement of the CBN.The growth in government deposits reflects the  increase in money supply during the review period.  Data from the CBN Money and Credit Statistics showed that Money Supply (M²) grew b