Page 10 - ப்ரோக்ரெஸிவ்ஸ் கவர்னர்கள் மன்றம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CBN and the regulatory role of ‘printing money’ By By Kadiri Abdulrahman “Government’s printing of Naira simply means loans advanced to states to pay salaries and survive; and not the literal interpretation of printing money from the factory and sharing to the public,” according to Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN). It was Emefiele’s initial reaction to a recent comment by Gov. Godwin Obaseki of Edo that the CBN printed about N60 billion to augment Federal Account Allocation Committee (FAAC) subvention to states in March. Speaking at the Edo Transition Committee stakeholders engagement, Obaseki had raised concern that the step the apex bank took was an indication that the Nigerian economy was ailing.

Abuja federal capital territoryKebbi stateGodwin obasekiLaolu akandeAbubakar baguduLanre olaniyanOlaoye jaiyeolaKadiri abdulrahmanYemi osinbajoGodwin emefieleUniversity of ibadanCentral bank governorNational economic councilGovernor of the central bankProgressives governors forumForex equalization fund