The central Bank of Nigeria has clarified claims that its printing money says, The concept of printing of money is about lending money and that is their job.
On Twitter, CBN wrote: “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.”
Meanwhile, Godwin, the CBN Governor in a video shared online, stated that He is a Banker and should be left to do his work, adding that they print money to support the Budget because Nigeria is in a very bad situation.
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
— Central Bank of Nigeria (@cenbank) April 16, 2021