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Nigeria Money Printing Controvesy: CBN Governor s Remarks Attacked, Government Denies It Financed Deficit via Money Printing – Economics Bitcoin News

Nigeria Money Printing Controvesy: CBN Governor s Remarks Attacked, Government Denies It Financed Deficit via Money Printing The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the CBN governor Godwin Emefiele’s response to the allegations is “politically motivated.” Money Printing Unsustainable In his riposte, Orbih is quoted by a local news site suggesting that “if drastic measures were not taken to address the situation” then the country might be headed for a worse outcome “than what happened in Uganda.” The politician said:

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