Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele may have admitted to the claims of the Edo State Governor, Godwin Obaseki, after he stated that printing money is a cardinal job of the apex bank.
Reacting on the official twitter handle of the CBN ‘cenbank’, on Friday, Emefiele said printing money is about lending money.
The CBN governor was responding to Edo Governor, Godwin Obaseki’s allegation that the Federal Government printed N60bn to augment March allocation to states at the weekend.
Obaseki had on Thursday while responding to denials by the Minister of Finance Zainab Ahmed said, “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”.
Emefiele, however said on Friday that it would be irresponsible for any Central Bank to refuse to support its government when it is in need.
“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,” he said.
