CBN Didn’t Print N60bn In March – NEC


National Executive Council (NEC) has reiterated that Federal government did not print N60 billion to support March allocation as claimed by Governor Godwin Obaseki of Edo State, Southern Nigeria. 

This was disclosed at the 4th NEC meeting of the year which was presided over by Vice-President Yemi Osinbajo, and attended by State Governors, relevant Ministers and the Governor of Central Bank of Nigeria.

Osinbajo who presided over the meeting said, “following clarifications provided by the CBN Governor, the NGF Chairman and the Minister of Finance, we will also like to debunk the ludicrous allegation that N60 billion was printed to shore up allocations for the month of March. This is completely false.”

Speaking on the unity of the country, NEC reaffirmed the need for one Nigeria, adding that “it is the best option for the people.”

After deliberating on the pertinent issues affecting Nigerians across the country, States were hereby advised “to hold consultations and dialogues on the issues identified, with the aim of reporting back by the next Council meeting.”

Other highlights of the meeting includes presentations by the Minister of Budget and National Planning, Minister of Aviation, and the Minister of Transport. Each, highlighted the impediments and successes in their ministries.

The Council, however, welcomed these presentations as they promised to work towards finding long lasting solutions to each of these unique issues.


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