How, for example, does one explain that, despite government’s - TopicsExpress

How, for example, does one explain that, despite government’s free funds, running into hundreds of billions of naira, in the hands of banks in 2009, the CBN, simultaneously, curiously maintained a mere one per cent Cash Reserve Ratio for all deposits, including government deposits, but then, proceeded thereafter, to mop up the inevitable resultant cash surfeit, by committing government to heavy borrowing at double-digit interest rates from the same banks!

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