Coronavirus: Print More Naira Notes – Tinubu Tells FG

0

All Progressives Congress leader, Bola Tinubu , has asked the Federal Government to print more naira notes in order to save the economy from collapse even as the Covid-19 pandemic continues to bite harder.

Tinubu said this in a statement he wrote in commemoration of his 68 birthday .

The former governor of Lagos State said the United States Federal Reserve had printed more dollars in order to boost the economy.

He said Nigeria could also do the same .

Tinubu added, “ Already , the price of oil has fallen to less than 30 dollars a barrel . This will bring a dollar shortfall . This does not, however , necessitate a corresponding shortfall in public sector naira expenditures .

“ The US controls dollar issuance . We control naira issuance as is our sovereign right . Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose .”

Credit : https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

LEAVE A REPLY

Please enter your comment!
Please enter your name here