 Central Bank of Nigeria has stated that excessive borrowing by the federal government from the CBN's means and ways advancing windows could frustrate CBN's monetary policy. The CBN handles the majority of the government's banking business both inside and outside Nigeria. It also helps the government cover temporary budget gaps using so-called ways and means advances W and M which are limited by law. W and M advances would continue to be available to the federal government to finance deficit up to 5.0% of the previous year really collected revenue. This is according to Section 3215 of the CBN's monetary credits and foreign trade and exchange policies set of guidelines released in September 2020.