The National Economic Council has denied the federal government printed money to boost allocations to states in March, brushing aside explanations by the central bank governor that the bank was within its rights to do so.
Mr Obaseki, a former investment banker and former finance commissioner in Edo, described the move as “monetary rascality” and urged the government to “stop playing the ostrich”. “If you understand the concept of printing of money. The concept printing of money, it’s about lending money,” he said.