BEVERLY HILLS, April 11, (THEWILL) – The Central Bank of Nigeria (CBN) has denied knowledge of Nigeria printing billions of naira last month to cushion its financial troubles.
This was after the Edo State Governor, Godwin Obaseki, alleged that Nigeria printed N60 billion to augment what the three tiers of government shared in March.
Obaseki reportedly stated on Thursday that Nigeria was in huge financial trouble, alleging that the Federal Government printed N60 billion in March as part of federal allocation last month.
The Edo Governor also expressed worries over the country’s increased borrowing, saying it was wrong to continue borrowing without a tangible plan for debt repayment.
Responding to the alleged printing of currency, spokesperson of the CBN, Osita Nwanisobi, said he was not aware of any N60 billion that was printed.
“I am not aware of that (N60 billion printed by the government),” he said.
Similarly, when contacted to speak on the N60 billion that was allegedly printed in March 2021, the Federal Ministry of Finance, Budget and National Planning said enquiries on the matter should be directed to the Governor who made the allegation.
The media aide to the Finance Minister, Yunusa Abdullahi, said the Edo State Governor or the CBN should be contacted.
“Please direct your questions to the governor who made the claim or the CBN” he said.
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