NewStats: 3,261,240 , 8,173,476 topics. Date: Wednesday, 28 May 2025 at 04:10 PM 5v1f14

We’ve been printing money, but swore oath to always lie to Nigerians: Rotimi Amaechi

The Buhari istration has been on a cash-printing spree since it assumed office in 2015, but showed little courage at being transparent about it.

Transport minister Rotimi Ameachi has been caught on tape itting that President Muhammadu Buhari has always ordered the CBN to keep printing money since 2015, Peoples Gazette can report.


https://www.youtube.com/watch?v=DXKP7jN3ayo

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 it 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.

Earlier this year, renowned credit rating institution Fitch said the Nigerian central bank under Mr Buhari has been printing money at an alarming rate, warning that such tactics could engender additional economic woes for the country’s 200 million people.

Last month, Governor Godwin Obaseki expressed concerns on crude oil revenue, disclosing that the federal government printed extra N60 billion for states to share in March.

“In another year or so, where will we find this money that we go to Abuja to share every month? Last month, we got FAAC for March,” he said, explaining that “the federal government printed an additional ₦50 to ₦60 billion to top-up for us to share”.

"My worry is that we will wake up one day like Argentina, the naira will be ₦1,000, ₦2,000 and will be moving because we don’t have money coming in,” he maintained while lamenting that the current istration borrows without means or the idea of paying back.

In response, the Minister of Finance, Budget, and National Planning, Zainab Ahmed accused the governor of spreading falsehood, stating that “The issue that was raised by the Edo state governor for me is very, very sad because it is not a fact”.

Similarly, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, dismissed Mr Obaseki’s claim, describing it as “unfortunate and totally inappropriate”.

Addressing the matter while speaking with journalists, Mr Emefiele said: “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 the printing of money as if we are going into the factory printing the naira and start distributing on the streets.”

Prior to Mr Buhari’s assumption of office on May 29, 2015, Vice President Yemi Osinbajo disclosed that their istration would inherit $60 billion as foreign and domestic debt from the Goodluck Jonathan istration.

Mr Osinbajo had also described the state of the Nigerian economy as unfortunate, stating that the nation has to spend 21 percent of its 2015 budget on debt servicing.

“We are concerned that our economy is currently in perhaps its worst moment in history. Local and international debt stands at $60 billion. Our debt servicing bill for 2015 is N953.6 billion, about 21 per cent of our budget,” the vice president had said.

A spokesman for Mr Amaechi did not return repeated requests seeking comments for the minister’s audio, which was part of a scandalous series that emerged in the run-up to the 2019 elections.

Although Mr Buhari and his appointees have been claiming repeatedly that they met an empty treasury, available facts showed the claim as untrue. The istration met at least $2.07 billion in excess crude s as of May 2015 when it came in.

https://www.gazettengr.com/weve-been-printing-money-but-swore-oath-to-always-lie-to-nigerians-rotimi-amaechi/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost&s=09

Mynd44 Lalasticlala

Apc

Drugbaron thiefffnubu wants to come and take over so just maybe he will be printing his own daily because that brownies king greedy anything on earth.

Expect realease of denial statement from presidency sorry Garba Shehu.

to the zombies I think the Audio was doctored

Where is uncle lai lai

96.5% of denials by the government of the day, comes out to be truth.

Hmmm. Wonders

b

Ok

[img]https://media1./images/50d089a0f9900949b83152346f77ee00/tenor.gif?itemid=21204532[/img]

Hnmmm, eleyi gaa o

The effect is already manifesting. -Hyper inflation.

You will see NIGERIANS complain again. Some weeks ago, Nigerians asked why can't govt simply print money so everyone could have cash?.

Now you have it. This istration alleged to have been printing money since it's onset. Now what

This is interesting, why can't this government be truthful for once....

God

Empiree:
You will see NIGERIANS complain again. Some weeks ago, Nigerians asked why can't govt simply print money so everyone could have cash?.

Now you have it. This istration alleged to have been printing money since it's onset. Now what

Nigerians didn’t ask, stupid and fooling APC Zombies asked. Know the difference bro

Cant we just pay Buhari off and redo the presidential election?.

Troublemaker007:



Nigerians didn’t ask, stupid and fooling APC Zombies asked. Know the difference bro

the last time I checked, APC comprised of NIGERIANS

Same useless stunt. After the fake reports of Tinubu's deportation from and his son's kidnaps, and all the fake interviews and confessions during #endsars saga, I can't believe someone would go ahead to pull such stale stunt again.
The "Lagos is an overhyped village" fake they attributed to same Amaechi has gotten into their head that they believed everything works around their says and control.
Since the nonsense fake audio, did ratings of Lagos dropped in reputable stats? Ain't the FDI improving Ain't more local industries establishing more in it
I marveled at how some clowns were talking down Lagos and Dangote because BUA planned to venture a firm in Akwa Ibom. If only they know that the same BUA is currently building one of the biggest detergent factory in Lekki ftz to challenge the reigning detergents businesses of foreign investors
Perhaps, it's better to just go on watching and enjoying your hilarious pathetic shows.
Let's see how this fake propaganda wins you the election come 2023.

Amaechi my guy

This is the reason for massive inflation

Reason why the country is suffering hyper inflation,this have acted so much in a manner one can regards it as enemy of the people.mugabe no do like this I swear.

OBASEKI AND AMAECHI ARE THE GREATEST HEROES OF OUR TIME. YOU CAN NEVER TIE ANY SECRET WITH A "COCOYAM LEAF". IT MUST BURST.
SHAME ON EMEFIELE THAT HE HAS DONE THIS TO NIGERIA.