By Omeiza Ajayi
The ruling All Progressives Congress APC has described as a non-issue, allegations that the Central Bank of Nigeria CBN printed between N50 billion to N60 billion to augment the shortfall in the distribution of federation revenues to the three tiers of government in March 2021.
APC which stated its position in a statement issued Sunday in Abuja by the National Secretary of its Caretaker Extraordinary Convention Planning Committee CECPC, Sen. John James Akpanudoedehe equally urged Gov. Godwin Obaseki of Edo state and the Peoples Democratic Party PDP to allow the apex bank do its job.
The statement reads; “Central banks all over the world print money. During the financial crisis of 2008-09, the Reserve Bank of the US printed dollars to bail out companies that were too big to fail. There is nothing wrong in printing money provided it is well managed.
APC: Whether Nigerian government printed N60 billion or not isn t an issue
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CBN printing money not an issue ― APC
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