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N60bn printing: Experts differ as Emefiele defends action


However, the Minister of Finance, Budget and National Planning, Zainab Ahmed had at the end of the last Federal Executive Council Meeting (FEC), faulted Obaseki’s claim.
Obaseki in a reaction to this, said he stood by his comment, indicating he got his facts right.
But clearing the air recently on this, CBN governor Emefiele who field questions from newsmen in Tunga Awe LGA of Nasarawa state recently, said printing money is a key mandate of the bank and that it was part of lending to the government at difficult times.
“If you understand the concept of printing money. The concept of printing of money is about lending money. That is our job – print money. So there is no need to put controversy about the printing of money as if we are going into the factory, printing naira and distributing on the streets. ....

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