The Presidency has refuted claims suggesting that President Bola Tinubu advised the Muhammadu Buhari administration to print N22.7 trillion.
This denial comes in response to statements made by the Minister of Finance and Coordinating Minister of Economy, Wale Edun, during a session with the Senate Committee on Finance.
Edun attributed Nigeria’s current inflationary pressures to massive currency printing during Buhari’s tenure, emphasizing the need for transparency and accountability in economic management.
He disclosed plans for a comprehensive audit of the reported N22.7 trillion printed without productivity.
In reaction, Paul Ibe, spokesman for former Vice President Atiku Abubakar, criticized Edun’s remarks, alleging Tinubu’s encouragement of such actions in 2020.
However, presidential spokesman Bayo Onanuga rebutted these claims, asserting that Tinubu never advised the government to print money.
Onanuga clarified that Tinubu’s statement in 2020 did not advocate for Naira printing, as erroneously reported, and provided a clarification in Thisday a day after the false report emerged.
