There is no evidence that the Central Bank of Nigeria is inefficient in managing the monetary aspect of the Nigerian economy, the ruling All Progressives Congress has said.
Apparently reacting to the allegation made by Edo State governor, Godwin Obaseki, that the federal government printed between N50 billion – N60 billion to bridge the shortfall in the distribution of federation revenues to the three tiers of government in March 2021, the party noted that “The development function of the CBN has resulted in various intervention funds in several sectors of the economy,” it added, recalling the party inherited an economy which showed signs of a recession from 2012.
“The APC government implemented aggressive fiscal and monetary polices which resulted in the country’s economy exiting recession in 2016. The economy was back on the path of positive growth trajectory.
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