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PRINTING OF MONEY: CBN, Amaechi carpets FG says Money was printed (Video)
Following counter allegation and denial between Federal government and Edo State governor, Godwin Obaseki over printing of money, Governor of Central Bank of Nigeria, Godwin Emefiele and former Rivers State governor and Minister of Transportation Rotimi Amaechi have given contrary views on this the saga.
Obaseki had earlier in April accused President Mohammadu Buhari’s led administration of printing over sixty billion Naira to complement federal allocation, noting that the country slide into a huge financial problem.
He noted the money was to improve month of Match revenue. He as well claimed the external debt borrowed by the same administration has increased to 16 trillion which may push the economy into hyperinflation.
The Edo Governor warned that the borrowed funds have no possible means of repayment following declining oil revenue and no one is paying attention to it than the 2023 election.
Emefiele, who reacted on the issue during an interview with Newsmen stated no need to hide the obvious fact that Nigeria requires money to pay off debt standing through 2015 and 2016.
He disagreed with the manner some section of Nigerians are colouring the issues as if printing to help government ‘is a foreign word coming from the sky’.
He clarified part of the additional money was used to facilitate state budgets which piled up together with recent ones accrued from an unfortunate economic crisis and COVID-19 pandemic. Video
Similarly, in an obtained audio made available by People’s Gazette, had the Transportation Minister, Amaechi berates his boss, acknowledged that money was printed to pay off piled up debts.
He said the government of Buhari is printing money because there is no money and that was way back in 2015. They were not able to reveal any secrets because they were on oath.
However, the presidency maintains no additional money was printed despite Naira notes inscribed 2021in circulation. Audio