Posted 3/7/2024, 1:40:52 AM
Finance Minister: Unproductive Money Printing Over 8 Years Fueled Inflation, But Reforms Underway To Repair Finances
- Finance Minister Edun says CBN's printing of N22.7tn under Buhari fueled high inflation confronting Nigeria now
- Money was printed from 2015-2023 without corresponding productivity, leading to inflation
- Privileged few benefitted while the weak were left behind during this period
- Current government generating record N13tn non-oil revenue in 2023 to reduce dependence on oil and printing money
- Government repairing finances with strategic plan involving reforms to subsidies, forex policies, import duties etc. to fix inflation