JUST-IN: CBN Didn’t Print N60bn In March, Says NEC

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By Jonathan Nda-Isaiah The National Economic Council (NEC) has confirmed that there was no printing of N60 billion by the Central Bank of Nigeria

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The National Economic Council has confirmed that there was no printing of N60 billion by the Central Bank of Nigeria or any other amount whatsoever to shore up allocation for the month of March, 2021 to states as being erroneous insinuated.Recall that Edo State governor, Godwin Obaseki, had recently claimed that the federal government, through the CBN printed between ₦50 and ₦60 billion to shore up the federal allocation for March.

He said the Council expressed satisfaction with clarifications made by the NGF represented by its chairman, Governor Kayode Fayemi of Ekiti State; Finance Minister, Hajiya Zainab Ahmed and the CBN governor, Godwin Emefiele, on the alleged printing of N60 billion by the Federal Government.The statement said: “Both the Minister and the CBN Governor stated to the Council that the allegation of the printing of money to augment allocation was outrightly false.

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