Pascal Arogorn Ibe
Transport minister Rotimi Ameachi has been caught on tape admitting that President Muhammadu Buhari has always ordered the CBN to keep printing money since 2015, Peoples Gazette can report.
Mr Buhari vowed to revamp the Nigerian economy in his campaign promises, but has been criticised for worsening the economic situation over the past six years of his regime.
In an interview with journalists prior to the 2019 general election in which Mr Buhari was re-elected, Mr Amaechi also disclosed that they swore an oath never to publicly admit to Nigerians that the government was on a printing spree of the national currency.
“And most of you didn’t know at the time we took over, most Nigerians don’t even know because we have sworn to an oath not to tell anybody we were printing money,” Mr Amaechi said.
“Do you know when a country prints money? When it has no money at all,” he said. “We were just printing money to pay debt.”
Mr Amaechi’s comments further exposed the cover-up that has followed Mr Buhari’s widely condemned approach to the country’s economy, as millions of citizens continue to plunge into poverty. Nigeria has since emerged as the country with the highest number of poor people in the world. The country also has the poorest electricity supply and the second country with the most jobless people worldwide.
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