Alleged Printing of N60bn: Printing money is about lending money- Emefiele

The Governor of Central Bank, Godwin Emefiele has said printing money is a major job of the lenders.
Speaking via his Tweeter handle on Friday he said that printing money is about lending money.
Emefiele was indirectly responding to Edo Governor Godwin Obaseki who said that the Federal Government printed N60bn to increase March allocation to States at the weekend.
The reports of the alleged printing of money went viral on social media with  outcries over the matter.
The Federal Government however dismissed the allegation as “sad and untrue.”
Recall that Obaseki had replied the Federal Government on Thursday: “Rather than play the Ostrich, we urge the government to take urgent steps to end the current monetary rascality so as to prevent the prevailing economic challenge from degenerating further.”
Speaking on  on Friday, Emefiele said it would be irresponsible for any Central Bank to refuse to support its government when it is in need.
He said: “The concept of printing of money is about lending money and that is our job…It will be irresponsible for the CBN or any Central Bank or Fed to stand idle and refuse to support its government at a time like this. #Emefiele.”

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