Hardship: Tinubu Never Advised Buhari to Print Naira – Onanuga

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said his principal never advised former president Muhammadu Buhari to print naira notes.

Concise News reported that during an interaction with the Senate Committee on Finance, Wale Edun, Minister of Finance, pointed to the N22.7tn printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government of Nigeria from 2015 to 2023, under former President Muhammadu Buhari, as a primary cause of the country’s current hyperinflation crisis.

Edun highlighted that the extensive printing of naira during this period, done without corresponding increases in productivity, has led to the high inflation rates currently plaguing Nigeria.

His words was met with backlash from some Nigerians who alleged that President Tinubu advised the Buhari administration to print the sum.

Clarifying, Onanuga shared on X, “President Tinubu did not advise the Buhari administration to print Naira, the way it was erroneously reported in 2020. He provided a clarification in ThisDay of 30 March 2020, a day after the false report came out.”

Tinubu’s quote from the ThisDay report read, “One thing I absolutely did not call for was the literal printing of new naira notes by the federal government. Such a suggestion is extremely far-fetched and has never been on my mind. It is unfortunate that my prescriptions were so badly misunderstood and misreported”

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