An aide of former President Mohammed Buhari has refuted the claim of the Governor of the Central Bank of Nigeria, Yemi Cardoso, who blamed the current economic hardship in the country on the poor handling of the nation’s economy between 2015 and 2023 when Buhari served two terms.
The aide said the money supplied by the CBN during the review period was N7.5tn, far less than the N35tn Cardoso stated.
This came as the latest data from the CBN showed that the total money supply in the Nigerian economy increased by 14.22 percent to N107.1tn between January and August 2024. The country’s money supply was N93.77tn in January 2024.
Read the full story at: https://punchng.com/buharis-aide-counters-cbn-over-printing-of-n35trn/
