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We have right to print money and lend the Government – CBN Governor Speaks Out

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CBN

The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has dismissed the claim by the governor of Edo State, Godwin Obaseki, that the bank printed and shared money to states as “unfortunate and totally inappropriate”.

Mr Emefiele said printing money is a key mandate of the central bank, and the bank must always act to support the government at times of financial difficulties.

Mr Obaseki on Monday said the country is facing a serious financial crisis and called on the federal government to act quickly.

“When we got FAAC for March, the federal government printed additional N50-N60 billion to top-up for us to share,” he said.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, dismissed the claim, insisting the FAAC allocation was revenue from different agencies of the government.

Mr Obaseki in a tweet on Thursday said the government was “playing the ostrich”, and urged the government to take urgent steps to end the current “monetary rascality”.

“Printing Money”

Mr Emefiele addressed the matter on Thursday while speaking to journalists in Tunga, Awe Local Government Area, Nasarawa State.

“If you understand the concept of printing of money. The concept printing of money, it’s about lending money.

“That’s our job – to print. It’s about lending money and so there’s no need putting the controversy about printing of money as if we are going into the factory printing the naira and start distributing on the streets,” he was quoted as saying by ThisDay.

“For us to see some people playing some games, overheating his polity talking about printing of money, I think it is unfortunate and totally inappropriate. I would like to advise that this should stop. We should all work for the growth of our country and not play politics.

“It is very inappropriate for people to just give some colouration to the word ‘printing of money’ as if it is a foreign word coming from the sky.

 

“In 2015/2016, we were in a similar [fiscal] situation, but it is far worse today. We provided budget support facility to all the states of the country and that loan remains unpaid till now. We are going to insist on the states paying the loan back since they are effectively accusing us of giving them loans.

“Most countries of the world today are confronted by not just the health crisis from the COVID pandemic but also economic crisis. I keep saying this: it would be irresponsible of the central bank of Nigeria or any central bank to stand idle and refuse to support its government at this time. Whatever we do in Nigeria is being done in any clime.

“Nigeria is unfortunately in a very bad situation and we cannot pretend about it in the sense that we are facing problems about productivity output which is gross domestic product (GDP). We are working very hard to see how we can get our heads above water. We are also concerned with issues of inflation.”


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ENTERTAINMENT

Lady reveals how her Estate people beat up man who faked seizure to collect money

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Lady reveals how her Estate people beat up man who faked seizure to collect money

A woman has disclosed how a man was attacked by the people living in her estate after he faked a seizure to get money from them.

Read also: “His father’s carbon copy” – Fans react as new video of Mohbad’s son pops up online

The woman detailed the incident in detail on her Twitter feed, @TheNonye, where she shared this.

She claimed that the man had come to the estate the day before, acting out a seizure and even foaming at the mouth to make it seem real.

When the estate’s residents saw this, they made an effort to assist; one woman even called her brother, a doctor, to ask for help.

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The man told them he was suffering from an ulcer and that he could no longer afford his medications, so they gave him some money so he could buy medication and food.

But an Estate worker discovered a video of the same man who was apprehended for staging a seizure.

Nevertheless, the man came back the following day in an attempt to get the remaining sum of money they had promised to pay him.

Now that they knew about his deception, the inhabitants beat him to barely an inch of his life.

See the video below:


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ENTERTAINMENT

“Why men need side chics” – Preacher reveals, netizens react

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“Why men need side chics” – Preacher reveals, netizens react

Nigerian preacher has mentioned the four important reasons why a man needs a side chick

Read also: “This made me cry” – Hot tears drop as lady visits her mother who sells Kuli-kuli during sign-out day at university

The pastor explained in an Instagram video that, despite what is commonly believed, men need women by their sides in addition to their marriages.
He disclosed the four key reasons for side chicks’ importance.

The first explanation offered by the pastor was stupidity. He said that having side chicks is the finest way for a man to look dumb.

In response to a question about why guys are still searching for Coke after they have one, he pointed out that Coke in a bottle, can, or plastic is still Coke.

He identified premature death as the second reason why males require a side chick.

According to the preacher, a guy who wishes to pass away too soon must overwork his heart and stuff his body with unnecessary items.

He mentioned shame and embarrassment as additional reasons. A man who enjoys dishonor and shame, according to him, needs a side chick because that’s what he will eventually get.

According to him, a man should only require a side chick if he enjoys difficulty and turmoil.

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Reacting,

womeninporthacourt wrote: “This man is a national treasure. Protect him at all cost”

adeoluolatomide said: “While I understand you, sir… I prefer to have Coca-Cola in a bottle… I love it. 😂😂😂”

wallpaperplace reacted: “Listen to him before commenting! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣”

mizkimorahprecious wrote: “Y’all listen before commenting! Na like this una take pass exams? Wisdom sir….make we buy azul for u 😂”

Watch the video below:


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ENTERTAINMENT

Tope Maggie, Ogbomoso-based Chef, set to dethrone Irish chef, Alan Fisher as he begins 200-hour cook-a-thon

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Tope Maggie, Ogbomoso-based Chef, set to dethrone Irish chef, Alan Fisher as he begins 200-hour cook-a-thon

Tope Maggie, an Ogbomoso-born Nigerian chef, is presently attempting to outdo Irish chef Alan Fisher in a 200-hour cooking marathon competition.

Read also: “God has been so good to me” – Uriel Oputa says as she promises to giveaway two wigs

This challenge comes after Alan Fisher recently beat Nigerian chef Hilda Baci to become the record holder for the longest cooking record at the Guinness World Records.

After an astounding 119 hours and 57 minutes, Alan Fisher was formally crowned the new record holder for the longest cooking marathon (person) by Guinness World Records.

This beat the previous best set by Hilda Baci, a Nigerian chef.

With a time of 47 hours and 21 minutes, Fisher also won the title of longest baking marathon (individual), breaking the previous record held by Wendy Sandner of the USA.

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In an attempt to beat Alan Fisher’s record of 119 hours and 57 minutes, Tope Maggie is scheduled to cook for an incredible 200 hours, just days after Fisher’s historic achievement.

As Nigerian chefs compete for worldwide recognition in the culinary arts, the rivalry in the kitchen persists.

See video below:


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