The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government from 2015 to 2023, under former President Muhammadu Buhari, threw the country into the current inflation.
He also disclosed that the fund went into the hands of a privileged few, without corresponding productivity.
Edun, made this known on Wednesday during an interaction with the Senate Committee on Finance, he noted that during the period, the printing of naira in trillions was carried out without any corresponding productive activities.
