The Presidency has dismissed claims that President Bola Tinubu suggested former President Muhammadu Buhari to print Naira in 2020.
A Particular Adviser on Info and Technique to the President, Bayo Onanuga, described such a declare as faulty.
Recall {that a} spokesman of the 2023 Peoples Democratic Get together, PDP, presidential candidate, Atiku Abubakar, Paul Ibe, had claimed Tinubu suggested Buhari to print Naira in 2020.
Ibe’s comment adopted Minister of Finance, Wale Edun’s touch upon the printing of N22.7 trillion beneath Buhari’s administration.
Edun had stated the printing of N22.7 trillion by the Central Financial institution of Nigeria within the identify of a Methods and Means mortgage beneath Buhari’s authorities and ex-CBN governor, Godwin Emefiele was accountable for the present rising inflation and financial hardship in Nigeria.
Talking throughout an interface with the Senate Committee on Finance, the minister stated the Methods and Means loans of N22.7 trillion beneath the previous administration have been completed aimlessly.
He additional acknowledged that the alleged reckless spending of the overdraft collected from the CBN beneath Emefiele largely accounted for the nation’s meals and safety crises.
The minister vowed that Tinubu’s authorities would audit the CBN printing within the final eight years.
Reacting, Onanuga recalled that Tinubu had clarified the difficulty when it was first reported.
Posting on X, Onanuga wrote: “President Tinubu didn’t advise the Buhari administration to print Naira, the way in which it was erroneously reported in 2020. He supplied a clarification in Thisday of 30 March, 2020, a day after the false report got here out.”
