Connect with us

Hi, what are you looking for?

Business

Printing of money is our job – CBN Governor

Technocrat Media Nigeria

ABUJA – The governor of the Central Bank of Nigeria, Godwin Emefiele has said that the printing of money was the job of the apex bank.

He disclosed this through the official Twitter handle of the bank. The governor who might be reacting to the statement made by the governor of Edo State, Godwin Obaseki, who had said in viral video that the federal government printed additional N60b last month to support the money that was shared for allocation.

The concept of printing 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. Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them”

Godwin Emefiele

This news content remains the copyright of TECHNOCRAT MEDIA, to republish, please seek the consent of our News Editor via editor@technocratmediang.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Like Our Facebook Page

You May Also Like

Economy

The Central Bank of Nigeria (CBN) has revealed that the federal government spent about $2.2 billion on debt servicing in the first five months...

Anti-corruption

The Federal High Court in Lagos has granted an order of interim forfeiture of properties linked to the former Central Bank of Nigeria (CBN)...

Economy

Olayemi Cardoso, governor of the Central Bank of Nigeria, says the huge purchases of food items by the government as palliatives for distribution to...

Finance

The Central Bank of Nigeria (CBN) has denied directing commercial banks to restrict cryptocurrency accounts in the country.

Finance

The Central Bank of Nigeria has raised the monetary policy rate which is known as the interest rate to 24.75 per cent from 22.75...

Economy

Dr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), says more than $26 billion was funnelled through the cryptocurrency platform, Binance, in...