FINANCE MINISTER: BUHARI’S GOVERNMENT PRINTED MORE THAN N22 TRILLION INDISCRIMINATELY, WHICH LED TO INFLATION.

The current level of inflation in the nation, according to Minister of Finance and Coordinating Minister of the Economy Wale Edun, is the result of the N22.7 trillion that President Muhammadu Buhari’s administration printed without any purpose.

This was stated by the minister on March 6, a Wednesday, in an interaction with the Senate Committee on Finance in Abuja.

He claims that from 2015 to 2023, the Central Bank of Nigeria (CBN) printed N22.7 trillion for the federal government through an overdraft program called Ways and Means, which caused hyperinflation in Nigeria. We discussed inflation.

From where has it originated? It resulted from eight years of pure money printing with no productivity to match. What really happened was that the weak were left on their own for eight years. The fortunate few are the ones who stole everything. That’s the way things really are. Thus, the money supply needs to be restored.