Finance Minister: Money Printing Without Growth Under Buhari Fueled Inflation; New Policies Aim to Reverse Course

Finance minister says central bank printed N22.7tn from 2015-2023 under Buhari without matching productivity, causing high inflation now
Money supply increased for 8 years without economic growth to match, benefiting privileged few
New government aims to reduce money supply and repair finances to lower inflation and improve GDP growth
Government has raised N13tn in non-oil revenue in 2023, will audit N22.7tn printed under Buhari
Finance minister assured senators that economic policies will bring inflation down and growth up